A Non-Compete Agreement is a legally enforceable contract in the field of human resources that prohibits workers from engaging in competitive activities or working for a rival firm after leaving their present employer, usually for a set period of time and within a specific geographic area.
Example
In a Non-Compete Agreement, a software business employee may promise not to work for a competitor software firm within a 50-mile radius for one year after leaving their present position. This is done to preserve the company's trade secrets and keep employees from directly competing in the same market shortly following termination.
