What Is a Noncompete Agreement?
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A noncompete agreement is a document that’s signed between two parties that restricts one or both of the parties ability to conduct business both during the term of the agreement and afterwards.
The typical ones that I see involve an employee and an employer and in these agreements, an employee agrees to not compete with the employer both during time he’s working there and or afterwards.
These agreements are typically poorly drafted, not understood and often times unenforceable.