A non-compete agreement is a legally binding contract between two parties where one agrees not to directly compete with the other. Competition can mean designing, developing, or publishing any content for another company that they wrote under contract with you. It can also mean simply going to work for a competitor in the same role, where that employee has the potential to share industry knowledge that should remain confidential.
Protecting intellectual property is a priority for any company. Non-compete agreements can prevent loss of this property, but only if they aren’t so restrictive as to deter people from working for you and are enforceable.
Read on to learn more about what these agreements include, their usefulness, and resources that can be helpful in writing yours.
Please note: This article is not official legal advice. I highly recommend contacting an attorney if you are considering implementing a non-compete agreement of your own.