Non-compete agreements are typically held to be illegal in most states. True False
Non compete agreements are the contracts that exist between an employee and an employer in which the employee agrees not to enter into the competition with the employer during and after employment.
These legal contracts prevent the employees from entering into the markets that are considered to be in direct competition with the employer.
A non compete agreement is a contract that prohibits and employee from working for or becoming a contractor for a certain period of time.
Generally non compete agreements are enforced when the relationship between an employer and the employee ends and the employer prevents the employee from competing against them in their next position, be it whether opening his own business or working for a competitor.
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