0 used to describe an agreement that prevents an employee who leaves a company from working for another company involved in the same activity for a particular period: --
Non-compete clauses are automatically void except for a small number of exceptions.
For example, if a doctor had signed a non-compete clause with a clinic, the non-compete clause might prevent the doctor from earning a living if he left the clinic's employment.
In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employee's interactions with stakeholders, and competitors.
It was accepted, and he received a 4.5 million-euro payout on his remaining contract, with another 1.5 million-euro payment at the end of a one-year non-compete agreement.
He signed a non-compete agreement with his former partners in exchange for their keeping quiet about the affair, effectively blackballing him out of his area of expertise.
Some law firms build their law practice around these agreements and represent employees, employers and potential new employers of an employee currently bound by a non-compete agreement.
Also, there would be a less restrictive non-compete clause: they would be compensated only for any revenue loss caused by improvements near the toll roads.
These regional affiliates felt that the new company would be violating non-compete agreements that the former companies had made with the affiliates.
