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In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer).
24 kwi 2024 · A non-compete agreement is a legal agreement or clause in a contract specifying that an employee must not enter into competition with an employer after the employment period is over.
11 mar 2022 · Non-compete agreements are contracts between an employer and an employee that are typically signed at the start of their business relationship. Essentially, a non-compete agreement prohibits the employee from competing with the business directly or indirectly for a specific duration of time after their employment has ended. Practical Law.
9 sie 2023 · What is a non-compete clause or agreement? A non-compete agreement, or covenant not to compete, is a form of contract where one party promises to not engage in or to refrain from a specified action. Typically, non-compete agreements arise between an employee and employer or a purchaser and seller of a business.
24 kwi 2024 · Non-compete clauses, or non-competition clauses, are a type of restrictive covenant which are often included in employment contracts. These clauses aim to prevent employees from working for a competitor or from setting up their own rival business for a period of time after they leave their employer.
5 kwi 2024 · A noncompetition agreement, alternatively known as a noncompete or covenant not to compete, is a contract in which one party agrees to refrain from activities that could heighten competition for another party within a specified timeframe.
22 lis 2023 · A Non-Compete Agreement is a clause or series of clauses in an employment contract, Directors’ service agreement, Partnership or Shareholder agreement, restricting what a person can do during or after their relationship with the business ends.
