A Non-Compete Agreement, also known as a Non-Compete Clause, is a contract between an employer and employee that prohibits the employee from working for a competitor or starting a similar business for a specified period of time after the end of employment. 

This agreement allows employers to protect their interests by preventing employees from sharing confidential and proprietary information and business practices with competitors. The clause also serves to discourage employees from taking advantage of an employer's resources for their own profit. 

Non-Compete Agreements are usually enforceable only to the extent that they are reasonable in scope, length, geography, activity, and time. In some jurisdictions, Non-Compete Agreements are unenforceable by law and may even be illegal.

Non-Compete Agreement: A legal contract between two parties in which one agrees not to compete with the other in the same or similar business activity for a specified period of time.