A non-compete agreement is a contract in which one party agrees not to start a business in the same field as another party.
This Lease Agreement is legally binding in New Mexico according to your state's specific rules and regulations.
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A New Mexico non-compete agreement is a legal document used by business owners. Employees and contractors sign a non-compete agreement, sometimes included in an employment contract, in order to protect the best interests of the business. In New Mexico, a non-compete agreement cannot be overly broad. If a lawsuit occurs to enforce a non-compete agreement, the judge has the option to dismiss the agreement in its entirety or to narrow its scope or change its terms to be more reasonable. In New Mexico, healthcare providers have a separate law related to non-compete agreements.
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