What is a noncompete agreement?
A noncompete is a device that is used to contractually restrict rights to do business in certain territories, or with specific customers. These are used in many states to keep employees and/or company insiders from leaving and using company information to compete against the company. These are often linked with nonsolicitation clauses and are typically found in employment agreements. Depending on your state, Courts may enforce proper contracts containing non-compete and confidentiality clauses, however, they must be carefully crafted to be enforceable and specific in scope.
