Noncompete Agreements: What's the Deal?
When you sign a noncompete agreement, you agree that you won't go to work at a rival company if you quit or, in some cases, you agree that you won't start a competitive business.
Noncompete agreements are used to protect trade secrets. With the increased mobility of the workforce, companies have determined that they need to protect proprietary information. You could look at noncompetes as trade secret contracts.
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