Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective law Describing a
contractual clause that prevents a person or company from competing with another, especially with a former employer or partner - noun Such a clause
Etymologies
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Examples
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One would have to be starving, stupid, incredibly high paid, or guaranteed lifetime employment to sign a lifetime non-compete clause.
Glaeser on Coercion and Contracts, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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An employment contract with a lifetime non-compete clause, for example, relies on governmental agents enforcing a prohibition against a worker for decades.
Glaeser on Coercion and Contracts, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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SEBI has also disallowed the payment of a non-compete fee to promoters.
SEBI Tinkers With the Takeover Code Samita Sawardekar 2011
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The company also has agreed to a $62 million non-compete payment to the sellers.
International Paper to Buy Stake in Andhra Mill Tess Stynes 2011
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The removal of the non-compete fee has its merits.
SEBI Tinkers With the Takeover Code Samita Sawardekar 2011
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He now says that the non-compete agreement had been invalidated.
EasyJet's founder prepares to lift off again – but is he serious? 2011
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First, think hard about what's most important to you, including salary and anything else from the non-compete clause to the office where you'll sit.
How To Negotiate Your Salary Susan Adams 2011
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The regulator also scrapped a provision for a non-compete fee that an acquirer pays to a target company's founders, saying all shareholders shall be given an exit at the same price.
India Regulator Changes Takeover Code Sudeep Jain 2011
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First, think hard about what's most important to you, including salary and anything else from the non-compete clause to the office where you'll sit.
How To Negotiate Your Salary Susan Adams 2011
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Many companies used non-compete fees to pay a higher amount to the controlling shareholder.
SEBI Tinkers With the Takeover Code Samita Sawardekar 2011
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