noncompete agreement

noncompete agreement
A contract limiting a party from competing with a business after termination of employment or completion of a business sale.

Dictionary from West's Encyclopedia of American Law. 2005.


noncompete agreement
A contract limiting a party from competing with a business after termination of employment or completion of a business sale.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • noncompete agreement — /ˌnɒnkəm pi:t əˌgri:mə:nt/ noun US a type of contract of employment by which an employee guarantees that he will not work for a competing firm after leaving his or her job …   Dictionary of banking and finance

  • noncompete — 1. adjective Of or pertaining to a commitment not to engage in competition with another party You will need to sign a noncompete agreement, of course. 2. noun A commitment not to engage in competition with another party …   Wiktionary

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  • noncompete clause — noun A provision within a business agreement or employment contract which stipulates that the contracting party must abstain from competitive practices not in the interests of an identified firm, such as starting a competing business or accepting …   Wiktionary

  • noncompete —    see noncompetition agreement …   Business law dictionary

  • noncompete — ˌ noun ( s) Usage: often attributive : an agreement or contract not to interfere or compete with a former employer (as by working with a competitor) …   Useful english dictionary

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