Definition
A legal contract that says 'if you leave this company, you can't work for competitors for X years in Y geographic area,' designed to trap employees and protect corporate interests. It's a legal cage disguised as a business arrangement.
Example Usage
I signed a three-year noncompete when I joined the company, which means I can't work in the industry if I leave.
Source: Employment law terminology
Related Terms
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See “Noncompete Agreement” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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