Usually means: Restrictive covenant limiting future employment.
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We found 3 dictionaries that define the word non-compete:

General (3 matching dictionaries)
  1. non-compete: Oxford Learner's Dictionaries
  2. Non-Compete, Non-compete, non-compete: Wordnik
  3. non-compete: Wiktionary

Definitions from Wiktionary (non-compete)

adjective:  (law) Describing a contractual clause that prevents a person or company from competing with another, especially with a former employer or partner
noun:  Such a clause.

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