← Business Dictionary
Legal

Non-Compete

Also known as non compete, noncompete, non-compete clause

A clause stopping someone from joining or starting a competing business for a set period after they leave.

Example

A departing co-founder with a one-year non-compete cannot immediately launch a rival product.

Related terms

NDA
एक समझौता या कॉन्ट्रैक्ट जिसमें दोनों पक्ष साझा की गई जानकारी को गुप्त रखने का वादा करते हैं। यह संवेदनशील योजनाएं या कोड साझा करने से पहले किया जाता है।
Founders’ Agreement
A written agreement between co-founders covering who owns how much, who does what, and what happens if someone leaves. Signed early, while everyone still agrees.

Building a startup?

Base91 takes founders from idea to launch — tracker, community, AI toolkit and this dictionary, built in.

Create your account