Non-Compete Clause
/ˌnɒn kəmˈpiːt klɔːz/
Definitions
- (n.) A contractual provision restricting a party from engaging in a business competitive with another party, typically after termination of a contract or employment.
The employee signed a non-compete clause prohibiting work for competitors for two years after leaving the company.
Forms
- non-compete clauses
Related terms
See also
Commentary
Non-compete clauses must be reasonable in scope, duration, and geography to be enforceable; overly broad restrictions may be struck down by courts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.