A clause in an agreement where one party promises not to offer to sell or produce the same goods and services in proximity to the other party.
The agreement by the seller of a business, not to enter into competition with the buyer of the business within a specific area for a specific period of time.
a contract in which one party agrees not to engage in certain activities that are in competition with another party, usually a former employer
an agreement between an employer and an employee
an agreement restricting a former employee's ability to engage in certain activities in a particular area for a particular time
an often-litigated business agreement
a promise by an employee not to compete with his or her employer for a specified time in a particular place
An agreement that most likely will be required of the seller by the buyer for at least a three (3) year period. This will preclude the seller from being involved in a similar to the one he is selling.
A contractual promise to refrain from performing professional or similar business activities. The legal enforcement of a covenant not to compete depends on the wording, compensation, duration, and situation.