noncompete clause


Also found in: Legal.

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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Summary: Noncompete clauses in employment contracts can be risky, and even law firms that use them find themselves fighting over what the wording means and how .
Noncompete clauses can severely limit a doctor's business options and create serious financial challenges, so negotiate with employers early and watch out for tricky contract terms that could stifle future opportunities.
While Swartz signed a noncompete clause, the agreement did carve out a specific exception, that it should not restrict him from "non-commercial activity, either by himself or with, for, or on behalf of any other person or entity, including, without limitation, any corporate social responsibility activity or charitable or philanthropic activity.
example, a noncompete clause may be wasteful because it restrains the
Why hire an individual who has been restrained by a noncompete clause in his contract?
Lease Expires January 2010 Options Open Extremely Competitive NonCompete Clause Available.
but must keep away from storage technology development because a noncompete clause requires him to steer clear of that area for a year.
The second is a debtor's obligations under a noncompete clause in an employment contract.
Workers who decide to take the career break will have to sign a noncompete clause to ensure they do not take a job at a rival bank during their time off.
During his testimony, Ridder revealed that his administrative assistant at the Pi-Press offered to shred his noncompete clause.
The Smithsonian's major concession is a noncompete clause that generally prohibits it from engaging in activities that would compete with the new venture.