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Before accepting the offer, she insisted that the noncompete clause be narrowed so she could later work for a startup without legal risk.
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Before accepting the offer, she insisted that the noncompete clause be narrowed so she could later work for a startup without legal risk.
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Related words
noncompete clause
Noun
(law)
A
provision
within
a
business
agreement
or
employment
contract
which
stipulates
that
the
contracting
party
must
abstain
from
competitive
practices
not
in
the
interests
of
an
identified
firm,
such
as
starting
a
competing
business
or
accepting
a
job
with
a
competitor,
and
often
extending
for
a
period
of
time
after
the
termination
of
the
original
employment
or
other
business
relationship.
Japanese Meaning
競業避止条項。事業契約や雇用契約の一部として、契約当事者に対して、特定の企業の利益を守るために、競合するビジネスの開始や競合他社への就職などの競争行為を一定期間にわたって禁ずる規定。
Related Words
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