non-compete

American  

[nahn-kuhm-peet] / ˌnɑn kəmˈpit /

noun

1. Business. an agreement, contractual clause, or provision that binds one party to refrain from working for or with a competitor of the other.

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adjective

1. Business. relating to or constituting an agreement, contractual clause or provision that binds one party to refrain from working for or with a competitor of the other.

Other Word Forms

• non-competing noun
• non-competition noun

Example Sentences

The Taiwanese firm said the case against Lo had been lodged in the Intellectual Property and Commercial Court and was based on the terms of his employment contract, non-compete agreement and regulations such as the Trade Secrets Act.

From Barron's

Lo had signed non-disclosure and non-compete agreements with TSMC, it said, and had told the firm's lawyer in his exit interview that he planned to join an "academic institution".

From Barron's

The O’Brien-Leno brouhaha therefore came to symbolize that generation’s rage, hence the demonstrations on behalf of a man who received a reported $45 million payout and a six-month non-compete for his trouble.

From Salon

With an onerous non-compete benching him for two years, finding another job in his field is out of the question.

From Salon

A statement by Ferrari said Cardile was "already violating the non-compete commitment with Ferrari".

From BBC