Most commonly an agreement where a newly hired employee ( prior to starting work) agrees in writing that, should the employee leave the company, he or she will not work for a competitor to the employer for a specified period of time and within a particular geographic area. Salespeople and other management level employees are usually the most common examples of employees who are … [Read more...] about NONCOMPETE AGREEMENT
N
NONCOMPETE CLAUSE
A clause in an agreement which prohibits a person or party from competing in a similar niche, geographic area and for a certain time with a prior employer or with the purchaser of a business that has been sold. … [Read more...] about NONCOMPETE CLAUSE
NONCONFORMANCE
A defect in the delivery of specific goods or a specific performance. Where the goods or service do not conform with what was agreed under contract. … [Read more...] about NONCONFORMANCE
NON-ADMISSION
The refusal of admission. … [Read more...] about NON-ADMISSION
NONCONFORMING
Not conforming, inadequate. Not complying with the law or with a contractual provision. … [Read more...] about NONCONFORMING