noncompetition agreement
- A contract where someone promises not to engage in similar business within a defined region and time, often to protect an employer's interests or during a business sale
- While closing the business deal, the owner signed a noncompetition agreement not to start a similar venture in the same state.
- The sales agent couldn't use her previous contacts due to a noncompetition agreement with her last employer.
- The software developer had to decline the job offer because it violated his noncompetition agreement with his previous company.
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