Non-Compete Agreement

A non-compete agreement is a legal contract between an employer and employee, where the employee agrees not to work for competing companies or start their own similar business for a specified time after leaving the employer. This is intended to protect the employer's confidential information, trade secrets, and business interests. The terms can vary in duration and geographic area, but the agreement must be reasonable in order to be enforceable. These agreements are common in many industries, especially where proprietary information is vital to a company's success.