Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Of or pertaining to a commitment not to engage in competition with another party
  • n. A commitment not to engage in competition with another party.

Etymologies

non- +‎ compete (Wiktionary)

Examples

  • International newspaper empire under the pretense it was a so-called noncompete payment from buyers of the company's assets.

    Thestar.com - Home Page

  • The defendants had argued that the payment represented management fees that had been recharacterized as noncompete fees to avoid taxation in Canada.

    chicagotribune.com - News

  • In a unanimous decision, the justices said state law since 1872 has forbidden what are called noncompete clauses that restrict management employees 'options after they leave a company.

    Daring Fireball

  • Advisers who leave other firms to start their own can also encounter legal obstacles, such as noncompete agreements they may have signed.

    Kelly Spors Answers Small Business Questions

  • Not inclined to meet the bank's request that he sign a stringent "noncompete" agreement, he left Morgan in early 2007 and started to lay the groundwork for Universa.

    Black Swan Trader Bets Reputation on Inflation

  • 'Noncompete' Agreement Companies often have "noncompete" agreements with top executives that bar them from joining a competitor after they leave.

    Companies Promise CEOs

  • Kojo Annan left the Swiss company before it was retained by the United Nations, but U.N. sources acknowledge that he was paid a "noncompete" fee by the company after it began work on the U.N. program -- a fact neither the company nor Annan Junior disclosed to the United Nations at the time.

    PERISCOPE

  • And from what he told Mr. Letterman, it seems that he has what's called a "noncompete" clause in his contract, meaning he can't work anywhere else in TV without NBC's permission-even if he quits.

    Andy Richter's Rant ��� Susan Lyne, Made for TV ��� Eddie Hayes' Legal Memo to Norm Macdonald

  • The noncompete and first publication clauses were separate from the option clause.

    More indecision «

  • Wow, I never heard of a noncompete clause like that one.

    More indecision «

Wordnik is becoming a not-for-profit! Read our announcement here.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.