Non-competition Agreement at Law Glossary

What is it? A contract where an employee agrees to certain restrictions defined by the employer for should the employee stop working for that employer. For example an employee may have to agree not to work for any company that the employer is in direct competition for a certain amount of months or years when the employee quits or has his employment terminated.

Legal Definition Added By: Sydney

Send To Friends!

If you'd like to send the Non-competition Agreement definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Non-competition Agreement. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Law Terms:

Legal Term Agonist opioid is A powerful type of narcotic that works by blocking signals to pain receptors in the brain. This process also raises the level of dopamine in the brain, creating a feeling of euphoria.

Legal Term Debtor is Person owing money to another party

Legal Term Franchise Tax is A tax levied in consideration for the privilege of either incorporating or qualifying to do business in a state. A franchise tax may be based upon income, assets, outstanding shares, or a combination.

Legal Term SETTLEMENT AGREEMENT is In a civil lawsuit, the document that spells out the terms of an out-of-court compromise.

Legal Term foreclosure is The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.