noncompete clause

listen to the pronunciation of noncompete clause
English - English
A provision within a business agreement or employment contract which stipulates that the contracting party must abstain from competitive practices not in the interests of an identified firm, such as starting a competing business or accepting a job with a competitor, and often extending for a period of time after the termination of the original employment or other business relationship

When Pizza Hut's owner, Tricon (now called Yum Brands), tried to revise his franchise agreement in 1999 to put in a noncompete clause stipulating that Heinecke needed permission to operate other food businesses, Heinecke, who by then already ran a number of fast-food chains, sued for breach of contract.

noncompete clauses
plural form of noncompete clause
noncompete clause

    Turkish pronunciation

    nänkımpit klôz

    Pronunciation

    /nänkəmˈpēt ˈklôz/ /nɑːnkəmˈpiːt ˈklɔːz/
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