non-compete agreements
Post-job rivalry bans
Non-compete agreements are contracts that restrict employees from working for competitors or starting competing businesses after leaving a job.
They typically specify a time period and geographic area: Her non-compete agreement prevented her from joining a rival firm for two years.
Employers use them to protect trade secrets and client relationships; critics argue they suppress wages and limit worker mobility.
Also called non-competes or restrictive covenants.
- statuteEnacted written rule
- employee retentionMaintaining workforce continuity
- sunset clausesAutomatic legislative termination mechanisms
- durationLength of existence
- economic mobilityMovement between income levels
enforceability · consideration · signing bonus · antitrust law · severability clause · mergers and acquisitions · jurisdiction · litigation · precedent · employment law · talent management · cooling off period · intellectual property law · termination clause · penalty clause · trade secrets · corporate responsibility
- intangiblesabstraction, ideas, trust, concept, morale
- employment recordspersonnel files, payroll records, employee contracts, employment contracts, timesheets
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