Agreement Not To Compete
What is a covenant not to compete.
Agreement not to compete. A non compete agreement is a document used to protect employers from partners employees contractors and other individuals with access to their business secrets and practices using that access to leave the company to start their own competing business in the same industry. A non compete agreement is also called a noncompete agreement non competition agreement or non comp for short. What are some examples of an employers legitimate business interest. In contract law a non compete clause often ncc 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.
Is your non compete agreement enforceable. By heather bussing a non compete agreement is a contract between an employer and employee where the employee agrees not to work for competitors of the employer for a certain amount of time after the employee leaves. Generally the non compete agreement states that the employee may not work for a competing firm for six months to two years following the employment end. The issue of whether a particular non compete agreement also referred to as a restrictive covenant is enforceable is the source of many employment law disputes.
A non compete agreement is an agreement between an employer and an employee in which the employee agrees not to use information learned during employment to enter into competition in subsequent. You want to prevent employees or business partners from using proprietary information to compete against you after they leave the company.
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