It is a legally binding document that entails that an employee mustn’t compete with their employers once their employment period is over.
– The duration of the non-compete agreement. – The scope of a non-compete agreement. – The geographical location entails the non-compete agreement. – The compensation that comes with the non-compete agreement.
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There are several industries that use non-compete agreements. They are: – Information technology. – Manufacturing. – Corporate management. – Financial services.