By Vanessa Máire Griffith

A non-compete agreement (also known as a non-competition agreement or a non-compete) is an agreement between an employer and an employee that imposes professional restrictions on the employee after the work relationship ends. Non-competes restrict former employees from working for competitors or defined groups of competitors for a specified period of time. Employers use non-competes to protect their valuable corporate assets, such as trade secrets and goodwill.

This article provides a broad overview of non-compete agreements. In particular, it considers:

• The benefits and limitations of non-competes.
• Key issues to assess when drafting a non-compete.
• Plans and procedures when seeking to enforce a non-compete.
• Available legal protection as an alternative to, or in the absence of, a non-compete.

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