Understanding Non-Compete Agreements
Non-compete agreements, also known as restrictive covenants, are commonly contained within an employment agreement between an employee and employer, and they are designed to protect the employer’s financial interests and proprietary data.
Recent data demonstrates that one in five American workers have signed non-compete agreements. If an employee resigns or is terminated from their job in order to start a competitive business or to join a competitor, the non-compete provision within their employment agreement may prevent the employee from competing with their former employer.
