A contract whereby companies agree not to compete directly with each other for a particular product or service, or an employee agrees not to work for a competitor for a given period of time if he/she leaves the current employer. see also non-disclosure agreement
An agreement that prevents a party from engaging in competitive activities. Sometimes the buyer will request that the seller sign a non-compete agreement.
a type of restrictive covenant that limits an employee's right to work in a particular industry after he or she leaves a company
a written contract between an employer and an employee that usually contains a promise by the employee not to work for the employer's competitors for a specified period of time, usually two years
An agreement that limits an employee's right to work for an employer's competitor or open a competing business.
An agreement that prevents the signer from engaging in competitive activities.
A contract between an employer and employee requiring the employee to agree not to start his own businesses or go to work for a competitor after he leaves his job with the employer.