noncompete

noncompete

See also: non-compete

English

Etymology

non- +‎ compete

Adjective

noncompete (not comparable)

1. (law) Of or pertaining to a commitment not to engage in competition with another party

   You will need to sign a noncompete agreement, of course.

   • 2007 January 4, Eric Dash, “An Ousted Chief’s Going-Away Pay Is Seen by Many as Typically Excessive”, in New York Times‎:

     Mr. Nardelli also stands to receive another $18 million in “other entitlements,” which […] will be paid over the next four years so long as he does not violate a noncompete contract.

   • 2007 May 2, Bloomberg News, “Hollinger Money Diverted Improperly, Ex-Director Says”, in New York Times‎:

     They are accused of keeping noncompete payments from buyers that should have gone to Hollinger.

Derived terms

• noncompete clause

Noun

noncompete (plural noncompetes)

1. (law) A commitment not to engage in competition with another party.