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 ?
The European Commission fined Telefonica and Portugal Telecom about pound 66.9 million and pound 12.3 million for including the non-compete clause. It considered the clause as a market sharing agreement that would exclude or limit competition on each other's home markets (Spain and Portugal).
Is a new employer liable for having hired an appraiser obligated under a non-compete clause? Potentially, yes.
Finding out whether a non-compete clause is enforceable generally involves at least lawyers and often the courts, which becomes an expensive proposition.
To create an enforceable non-compete clause, an employer must typically meet the following three requirements: (1) the employer has a valid interest to protect; (2) the time limit is reasonable; and (3) the scope of the agreement is not overly broad.
Former employers count up the clients or trade secrets they may lose to a competitor, new employers worry about their liability for hiring the employee and lawyers huddle over the non-compete clause in the employee's contract, trying to decide whether it's valid and how long it lasts.
A NON-COMPETE CLAUSE is an anti-competition clause that limits when or where you can work after terminating your employment with your current employer.
New rulings in various state courts and the passage of the Federal Business Trade Secrets Act, says Album, expand the constraint that a non-compete clause can hold over your future employment with other firms.
It's still a complex world out there and you're still going to need us to apply these simple rules on your behalf the next time you're in a jam, for example if one of your competitors hires away your best employee despite a non-compete clause she signed.
If a non-compete provision is included, the contract should expressly authorize the individual to otherwise perform services for others and to offer her services to the general public, subject to the limitations imposed by the non-compete clause.
Kamene Goro and Andrew Kibe have been sued by NRG Radio over a non-compete clause in their contracts, according to court documents.
Tenders are invited for all bids will include an add/delete clause, a non-compete clause, and a non-performance clause.
For the markets for Areva NP's core products and services (nuclear islands, nuclear services and nuclear fuel assemblies), the Commission finds that the non-compete clause is excessive because it prevents Siemens from competing on these markets for a period of more than three years following Areva's acquisition of Areva NP.
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