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Definition 2024


noncompete

noncompete

See also: non-compete

English

Adjective

noncompete (not comparable)

  1. (law) Of or pertaining to a commitment not to engage in competition with another party
    You will need to sign a noncompete agreement, of course.
    • 2007 January 4, Eric Dash, “An Ousted Chief’s Going-Away Pay Is Seen by Many as Typically Excessive”, in New York Times:
      Mr. Nardelli also stands to receive another $18 million in “other entitlements,” which [] will be paid over the next four years so long as he does not violate a noncompete contract.
    • 2007 May 2, Bloomberg News, “Hollinger Money Diverted Improperly, Ex-Director Says”, in New York Times:
      They are accused of keeping noncompete payments from buyers that should have gone to Hollinger.

Derived terms

Noun

noncompete (plural noncompetes)

  1. (law) A commitment not to engage in competition with another party.