Non-Compete Agreement

Non-Compete Agreement in civil, contract and labour law is a contract that contains provisions with regard to one party (an employee) agreeing not to compete, not to enter employment relationship with another company or a firm or to involve in financial activities other than the contractual relationship with an employer. Non-Compete Agreement outlines commitment conditions that are to be complied with. Breach of non-compete agreement results in punitive actions by the employing party.