Noncompete

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Noncompete

A provision in a number of employment contracts that prohibits an employee from working for a competing firm for a specified number of years after the employee leaves the firm.

Noncompete

Describing a clause in many employment contracts forbidding an employee from working for another firm that competes with the employer for a certain number of years after the termination of the contract. A noncompete clause may have a geographic limit. For example, a dentist who goes to work for corporate dental practice may sign a noncompete clause forbidding him from working for a competing dental practice within 25 miles for five years after the completion of the contract.
References in periodicals archive ?
Under California statute, the owners of the appraisal firm almost certainly cannot enforce the non-compete provision in the agreement you signed.
Deval Patrick and the venture capital firms that back startups in the state when the Legislature declined to ban non-compete agreements.
Have you ever been asked to sign a non-compete agreement?
LeClairRyan lawyer offers insights after the entry of a preliminary injunction related to a non-compete and trade secret information
In a similar vein, I recently heard an advisor ask colleagues whether it was OK to break a non-compete contract with a former general agent (GA).
Non-compete law is a complex and evolving area of law, which varies significantly from state to state.
Non-compete provisions for the term of employment are not regarded 'restrictive covenants' under Indian law.
Further, a new employer can be on the hook for an employee's violation of the non-compete with the former employer.
Non-compete agreements or "covenants not to compete" may be an answer.
Emanuel Arturi found that time limits for a non-compete agreement vary based on the language used in the contract between the employer and employee.
In a suit filed on Thursday in the US District Court for the Eastern District of Virginia, Capital One alleged that Kanas violated the non-compete agreement, and has asked the court to enforce it.
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