Mastering Non-compete Agreements: Key Clauses and Their Purpose in Protecting Business Interests

This Skill Bit talks about non-compete agreements, which restrict an individual’s competitive activities after leaving a job or partnership. They include restricted activities, duration, geographic scope, consideration, and vary in enforceability based on jurisdiction. They protect businesses’ interests and intellectual property. Non-compete agreements restrict competitive activities after employment or partnership. They include restricted activities, duration, geographic scope, consideration, enforceability, severability, non-solicitation, remedies, survival, and notice. Legal counsel is crucial for compliance.

Duration approx. 8 Min.

Tier: basics

A part of Essential Contract Types for Business Transactions course.