1. the state or practice of not competing; absence of competition
Usage: often used in legal and business contexts
2. a clause or agreement that restricts an employee or business partner from competing with a company after employment ends
Usage: legal/business term; also called a non-compete clause or non-compete agreement

Examples

• The company enforced a noncompetition agreement that prevented former employees from working for rivals.
• The market thrived under conditions of noncompetition, allowing the dominant firm to set prices freely.
• She signed a noncompetition clause before accepting the job at the tech startup.
• The court ruled that the noncompetition agreement was too broad and unenforceable.
• Many states have begun to limit the use of noncompetition clauses to protect worker mobility.
• The noncompetition policy in the industry reduced innovation and consumer choice.