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 ?
It's also good to double-check your contract-you don't want to start a new business only to realize you signed a noncompete clause with your full-time employer.
Its also good to double-check your contract you dont want to start a new business only to realize you signed a noncompete clause with your full-time employer.
For example, a noncompete clause might keep you from dancing for another company or prohibit you from reusing creative work you contributed to a production.
A noncompete clause could restrict you from practicing within a large geographical area, especially if the job is located in a densely populated area.
The eight partners were subject to a noncompete clause at the firm that required six months' notice and restrained them from practicing as a partner at a competing firm for one year, according to sibling publication The Asian Lawyer.
The noncompete clause has likely lapsed at this time because the deal to sell Coke happened exactly a decade ago.
Seeking the advice of an experienced contract attorney before signing a noncompete clause can save doctors significant time, money, and heartache in the long run, Mr.
anchor tenant and a landlord agree that a noncompete clause will run
Schroeder added that Sylvan's franchise agreement with Noland contains "a noncompete clause," which he said would prevent her from offering competing tutoring services locally for two years.
Peter Duke founded Smartwool, sold Smartwool, and got back into the sock business with Point 6 in 2008 when his noncompete clause came to an end.
In lieu of a noncompete clause, ask if a less extensive nondisclosure or nonsolicitation clause can suffice.