noncompete clause


Also found in: Medical.

noncompete clause

noun agreement not to commete, contract against competing, covenant not to compete, express promise not to compete, noncompete agreement, prohibition against competition, restrictive covenant not to compete, restrictive provisions against competing
Associated concepts: golden handcuffs, per se violations of law, restrictive covenants, scope of geographical area, time period
References in periodicals archive ?
Noncompete clauses (NCCs) in a physician employment contract are contrary to public policy and legally unenforceable.
permissible to write a noncompete clause in an employment contract, is a
So unstable is the law in this area that one commentator has suggested that the question of whether a licensor can enforce a noncompete clause after the rejection of the agreement in bankruptcy depends on the venue of the bankruptcy case.
In Omicron Systems, Inc v Weiner, (29) the Superior Court of Pennsylvania upheld a liquidated damages award of $238,000 against an executive who breached a noncompete clause by accepting a job at a rival enterprise.
The Smithsonian's major concession is a noncompete clause that generally prohibits it from engaging in activities that would compete with the new venture.
Since Karmazin does not have a noncompete clause in his contract, he is free to work for another media conglomerate in the near future.
The station had told employees Jaco was terminated for "gross misconduct," and it was seeking to enforce a noncompete clause in his contract that would have kept him from working in St.
If terms are added during the course of the employment, the contract should indicate that the employee is receiving additional compensation, such as a salary increase, to compensate for the noncompete clause.
Under the noncompete clause, Nationwide was free under certain circumstances to terminate certain payments to Darden that otherwise were owing under the Agent's Security Compensation Plan (the Plan) to which Darden was a party.
After selling Atwater-Carey and waiting out a noncompete clause until 2002, Phil Carey started Carey & Co.
Khattak left CSI to work at GT Solar as senior vice president of technology in 2006, with a confidential separation agreement and a 10-year noncompete clause, according to the suit.
A noncompete clause, for example, could have been used to ensure that the former partner didn't leave with her clients or open a similar practice in such close proximity.