Non Compete Agreement
Definition:
A non-compete agreement is a legal contract or clause which specifies that an employee is not allowed to enter into a competition with their employer during their employment.
This agreement does not only do that, but also stops and employee to provide services or disclose any private information regarding the organization to the organization’s competitors; most contracts give a certain timeframe in which an employee is banned from working with their employer’s competitors after they end their employment; however this is not very common. Nevertheless each employer must ensure that this clause is included in the employee contract as it will ensure that delicate company information is kept confidentially.
Part of speech:
Noun
Use in a sentence:
Ensure that a non-compete agreement is included in each employee contract.