Noncompete
noun
A legal agreement that restricts a person from entering into a business competition with another party.
The company required all its employees to sign a noncompete before starting work.
Usage tips
Formal
noncompete clause, strict noncompete, enforceable noncompete
noun
A legal agreement that restricts a person from entering into a business competition with another party.
The company required all its employees to sign a noncompete before starting work.
Usage tips
Formal
noncompete clause, strict noncompete, enforceable noncompete
Definition 1 of 1
Pro Tip 1/3Context
In legal discussions, clarify the scope of the noncompete and its enforceability.
Many industries require noncompetes to protect trade secrets.
Pro Tip 2/3Cultural Reference
In some regions, noncompetes are viewed as necessary for business protection, while in others, they may be seen as restrictive or anti-competitive.
Noncompetes can be controversial in the tech industry.
Pro Tip 3/3Business Practice
Understanding the terms of a noncompete can help individuals make informed career choices.
Some noncompetes can extend beyond employment to include freelance work.
Pro Tip 1/3Context
In legal discussions, clarify the scope of the noncompete and its enforceability.
Many industries require noncompetes to protect trade secrets.
Pro Tip 2/3Cultural Reference
In some regions, noncompetes are viewed as necessary for business protection, while in others, they may be seen as restrictive or anti-competitive.
Noncompetes can be controversial in the tech industry.
Pro Tip 3/3Business Practice
Understanding the terms of a noncompete can help individuals make informed career choices.
Some noncompetes can extend beyond employment to include freelance work.
Pro Tip 1/3Context
In legal discussions, clarify the scope of the noncompete and its enforceability.
Many industries require noncompetes to protect trade secrets.
Pro Tip 2/3Cultural Reference
In some regions, noncompetes are viewed as necessary for business protection, while in others, they may be seen as restrictive or anti-competitive.
Noncompetes can be controversial in the tech industry.
Pro Tip 3/3Business Practice
Understanding the terms of a noncompete can help individuals make informed career choices.
Some noncompetes can extend beyond employment to include freelance work.
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