Non Competition Agreement

Non-Competition and Non-Compete Agreement

a legaly binding contract  is designed to restrict potential competition. Usually the agreement (or clause) will restrict the other party from performing similar business activity for a specific period within a specific geographical territory. Usually found when entering into a business activity or collaboration, or when hiring an employee.

Non-Circumvention Agreement

a legaly binding contract designed to obligate one of the parties (or more) not to contact, deal with or otherwise become involved with any entity or any other entities or parties introduced, directly or indirectly, by or through the other party, without the specific approval of the other party. These agreements are complementary to Non-competition Agreements.

In this section: Non Competition Agreement, Non Compete Agreement, Non-Circumvention Agreement