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An Ounce of Protection

Should your employees sign a noncompete agreement?

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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

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