non-compete agreement
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 certain period after leaving the company. This is intended to protect the employer's trade secrets and business interests.
These agreements vary in duration and geographic scope, depending on the industry and specific job role. While they can help businesses maintain a competitive edge, they may also limit an employee's job opportunities. Courts often review these agreements to ensure they are reasonable and enforceable under local laws.