A non-compete agreement is a legal way for businesses to obtain a written promise from an employee or business partner that they will not disclose company secrets, or engage in competitive behavior once their employment comes to an end or is terminated. This can prevent an employee from leaving or being terminated from one company and going to a direct competitor and disheveling private information, causing harm to the employee’s employer. Once the employee or business partner signs the agreement, it now becomes a legally enforceable document that the employee must adhere to. Furthermore, there are no statutes that restrict what employers may impose in a non-compete agreement. Nevertheless, these agreements must be reasonable in time, scope, and geographic limitation.
Delaware Non-Compete Agreement Laws - No laws