Lots of people are worried about noncompete clauses in employment contracts. And after taking a look at the issue, I’m worried too.
A noncompete requires that, as a condition of getting hired, an employee agrees not to work for competing employers for a certain period of time. In other words, a worker gives up a valuable option, because she has to pass up other job opportunities. This allows the company to stop the employee from transferring knowledge of its business practices to a competitor.