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 ?
Gale, Co-Chair, Intellectual Property Litigation with Cozen O'Connor, will speak at The Knowledge Group's webcast entitled: "Trade Secrets Law and Non-Compete Agreements: Trends and Updates for Companies to Avoid Litigation Pitfalls." This event is scheduled for Tuesday, October 08, 2019 from 12:00 pm to 2:00 pm (ET).
James A. Gale, Co-Chair, Intellectual Property Litigation with Cozen O'Connor, to Speak at The Knowledge Group's Trade Secrets Law and Non-Compete Agreements Event
Non-compete case law can be complicated, but there are some simple parameters.
The shifting nature of non-competes: Employee agreements gain scrutiny of lawmakers
Flood Insurance: The Federal Emergency Management Agency has reduced the National Flood Insurance Program's Write-Your-Own compensation rate and rescinded the WYO non-compete clause, which will allow NFIP participating carriers to sell private flood insurance.
Regulatory Update
For anyone who is not an executive, a non-compete clause means the company doesn't care about your career growth the moment you step out of the door.
'Non-compete clause' in employment contract reveals company doesn't care about you
In 2016, the Utah Legislature took an aggressive step in limiting non-compete agreements.
Your Employee's Non-Compete Might Not Be Enforceable Anymore: Here's what you need to know
Clair Circuit Court in Illinois, alleged breach of fiduciary duty, violation of a non-compete covenant and civil conspiracy, among other things.
Former executive owes $4.57M for running side business
In a merger or acquisition (MandA) where a company purchases either the assets or shares of stock of a competing company, the buyer usually insists the inclusion of a non-compete clause that prohibits the seller from engaging in any business that competes with the buyer.
Non-compete clauses under the new competition law
Instead, language should be specific and outline why the non-compete agreement is essential to protect your legitimate business interests and how a breach of the contract would exceed ordinary competition that a stranger could provide.
With balance and enforceability for all: Creating noncompete and confidentiality agreements that work
Time will tell, but in either case, the non-compete agreement has once again become a topic of conversation in lighting.
The return of the non-compete: companies are getting tougher about enforcing these clauses
A non-compete that unduly restricts trade or livelihood likely wouldn't be enforceable anywhere.
Dear Breakaway Broker: Know Your Employment Agreement(s)
Under California statute, the owners of the appraisal firm almost certainly cannot enforce the non-compete provision in the agreement you signed.
Compete nonense: navigating non-compete clauses in appraiser employment agreements i
Deval Patrick and the venture capital firms that back startups in the state when the Legislature declined to ban non-compete agreements.
Big tech hands victory to California
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