Non-Compete Agreements
A non-compete agreement is a legal contract between an employer and an employee that restricts the employee from working for competitors or starting a similar business for a specified period after leaving the company. These agreements aim to protect the employer's trade secrets, client relationships, and other sensitive information.
Typically, non-compete agreements outline the geographic area and duration of the restrictions. While they can help businesses maintain a competitive edge, their enforceability varies by jurisdiction, with some regions imposing strict limitations on their use to ensure fair employment opportunities for workers.