Non-Compete Agreements A non-compete agreement is an agreement in which one party agrees not to work for a competitor or within a specific industry for a specified period of time and within a specific geographical location. This agreement may be made in return for employment with the company or some other benefit. Non-Compete. Executive acknowledges that during his employment relationship with, or through his involvement as a member or stockholder of, any Related Company, Executive has and will become familiar with trade secrets and other Confidential Information concerning such Related Companies, and with investment opportunities relating to their respective businesses, and that Executive’s services have been and will be of special, unique and extraordinary value to the foregoing entities. Termination Clause. A “termination clause” is intended to displace an employee’s entitlement to “reasonable notice” upon termination without cause by specifically setting out the employee’s notice entitlement. The law generally presumes that an employer can terminate a contract of “indefinite duration”