A Non-Compete Agreement is a legal contract between an employer and an employee. It restricts the employee from working for competitors or starting a similar business for a specified period after leaving the company. This agreement aims to protect the employer's trade secrets and business interests. These agreements are common in various industries, especially in fields like technology and finance. However, the enforceability of a Non-Compete Agreement can vary by state or country, as some jurisdictions impose strict limitations on their use to ensure fair competition and employee mobility.