What is a non-compete agreement?

And what is a non-solicitation agreement?

Asked on August 19, 2018 under Employment Labor Law, New York


M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

A non-compete agreement (clause) also called a covenant not to compete, is a contract used in which one party (typically an employee) agrees not to enter into or start a similar profession or trade in competition against another party (typically the employer). 
Here is a link to an article that will explain further: 
A non-solicitation agreement is a type of business contract used by companies to prevent former employees from soliciting business from current customers and employees. Such an agreement may be presented as part of an employment contract or as a standalone contract.

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