Definition of "noncompete" []

• Of or pertaining to a commitment not to engage in competition with another party (adjective)
• A commitment not to engage in competition with another party. (noun)

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• "International newspaper empire under the pretense it was a so-called noncompete payment from buyers of the company's assets."
• "The defendants had argued that the payment represented management fees that had been recharacterized as noncompete fees to avoid taxation in Canada."
• "In a unanimous decision, the justices said state law since 1872 has forbidden what are called noncompete clauses that restrict management employees 'options after they leave a company."