noncompete clause
A provision within a business agreement or employment contract which stipulates that…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 a job with a competitor, and often extending for a period of time after the termination of the original employment or other business relationship.
Meaning
1 sensesA 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 a job with a competitor, and often extending for a period of time after the termination of the original employment or other business relationship.
Forms
plural: noncompete clauses| Singular | noncompete clause |
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| Plural | noncompete clauses |
regular