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Definition 2024
noncompete
noncompete
See also: non-compete
English
Adjective
noncompete (not comparable)
- (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.
Derived terms
Noun
noncompete (plural noncompetes)
- (law) A commitment not to engage in competition with another party.