noncompete clause

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noncompete clause

Medical practice A clause in a contract in which the provider of a specific service, commonly understood to be physicians in private practice, agrees not to practice medicine–ie, compete–in the same geographic region–the size of which is defined by the contract
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In the European Union, where we patterned Section 14 of the PCA, a recent example of a case involving non-compete clause is the Telefonica/Portugal Telecom case.
be considered supported by consideration in Minnesota, a non-compete clause generally must be agreed to at the beginning of the employment relationship.
Non-compete clauses have three parts: 1) description of services covered; 2) duration; and 3) geographic area.
The director now has her employees sign a firmly worded non-compete clause and marks all copies of her student list as "confidential.
To create an enforceable non-compete clause, an employer must typically meet the following three requirements: (1) the employer has a valid interest to protect; (2) the time limit is reasonable; and (3) the scope of the agreement is not overly broad.
Skirting a non-compete clause that forbids the original partners from reentering the business, Aversa and Guarracino have handed over the family's 70-year-old recipe book to their sons, Federico and Juan Martin.
Jeff Allen, MD, MMM, CPE, sold his practice and was on sabbatical from medicine from June 2000 until February 2002 to comply with the non-compete clause in his sale agreement.
Former employers count up the clients or trade secrets they may lose to a competitor, new employers worry about their liability for hiring the employee and lawyers huddle over the non-compete clause in the employee's contract, trying to decide whether it's valid and how long it lasts.
A NON-COMPETE CLAUSE is an anti-competition clause that limits when or where you can work after terminating your employment with your current employer.
New rulings in various state courts and the passage of the Federal Business Trade Secrets Act, says Album, expand the constraint that a non-compete clause can hold over your future employment with other firms.
It's still a complex world out there and you're still going to need us to apply these simple rules on your behalf the next time you're in a jam, for example if one of your competitors hires away your best employee despite a non-compete clause she signed.
If a non-compete provision is included, the contract should expressly authorize the individual to otherwise perform services for others and to offer her services to the general public, subject to the limitations imposed by the non-compete clause.

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