Subscribe to Entrepreneur for $5
Subscribe

An Ounce of Protection

Should your employees sign a noncompete agreement?

Opinions expressed by Entrepreneur contributors are their own.

Noncompete agreements are contracts between you and youremployees in which your employees promise not to take what theylearn while working for you and use it against you while workingfor a competitor. A typical noncompete agreement says the employeeagrees not to work for rivals, solicit business from currentclients or otherwise compete with you for some period of time, suchas a year, after leaving your company.

Excerpted from Grow Your Business

Entrepreneur Editors' Picks