Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective law Of or pertaining to a commitment not to engage in
competition with another party - noun law A commitment not to engage in
competition with another party.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The defendants had argued that the payment represented management fees that had been recharacterized as noncompete fees to avoid taxation in Canada.
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International newspaper empire under the pretense it was a so-called noncompete payment from buyers of the company's assets.
Thestar.com - Home Page Emily Mathie 2010
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The defendants had argued that the payment represented management fees that had been recharacterized as noncompete fees to avoid taxation in Canada.
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International newspaper empire under the pretense it was a so-called noncompete payment from buyers of the company's assets.
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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 2008
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Advisers who leave other firms to start their own can also encounter legal obstacles, such as noncompete agreements they may have signed.
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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.
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'Noncompete' Agreement Companies often have "noncompete" agreements with top executives that bar them from joining a competitor after they leave.
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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 2007
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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 1998
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