What is a Non Compete Agreement?
Defining Non Compete Agreement
A non compete agreement is a contract relating to your employment that restricts you from taking a job with a competitor of your employer for a specified period of time after your employment ends. It may also state that you will not work for a competitor while you are still employed. Post-employment non compete provisions are subject to special scrutiny in Massachusetts, especially for agreements signed after October 1, 2018.
The same agreement may also contain one or more non solicitation clauses, stating that you will not solicit employees and/or customers and prospects of your employer for a set period of time. Unless the non-solicit is so broad as to effectively be a non compete, it is likely to be enforced as written by the courts.
There are also non compete agreements executed in connection with the sale of a business. Because the purchaser is buying the good will of the business, and there is no employment relationship involved, this kind of non compete agreement is generally enforced, and often for longer periods of time than are allowed for employment-related non competes.
Learn more here about non-compete agreements in Massachusetts.
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