What is the difference between non-compete and non-disclosure agreements?

Question

Question

Answer 1

Answer #1

Difference between non compete and non closure agreements

Non-compete agreement

* It is a contract law in which one group or party of people mainly employees make

an agreement that they will not enter into a similar profession or do not start same

business against the other group or party (mainly employers).

* Use of this law to avoid the chance if one party begin same business by taking the

advantage of informations from the previous party where they worked earlier.

Non - closure agreement.

* It is a legal contract in which two parties or groups share some of their material

knowledge or infomation for specific purposes and they want to restrict access

of this type of information to third parties or groups.

* It help to maintain confidential relationship between business groups and used in

health care as doctor-patient confidentiality.

Answer 2

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