Non-Compete Policy

A non-compete policy is a contractual agreement that restricts an employee’s ability to compete with their employer after leaving the company. This policy typically prohibits employees from working for a competitor, starting a competing business, or soliciting the employer’s customers or clients for a specified period of time after leaving the company. Non-compete policies are designed to protect an employer’s intellectual property, trade secrets, and competitive advantage, and may be included in employment contracts or other agreements. Proper management of non-compete policies requires clear communication and guidelines for employees, as well as compliance with legal requirements and ethical standards.

Related terms about General Company Information