Usually means: Restrictive covenant limiting future employment.
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We found 6 dictionaries that define the word noncompete:

General (3 matching dictionaries)
  1. noncompete: Merriam-Webster
  2. Noncompete, noncompete: Wordnik
  3. noncompete: Wiktionary

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Everybody's Legal Dictionary (No longer online)
  3. Noncompete: Financial dictionary

Definitions from Wiktionary (Noncompete)

adjective:  Alternative form of non-compete [(law) Describing a contractual clause that prevents a person or company from competing with another, especially with a former employer or partner]
noun:  Alternative form of non-compete [Such a clause.]

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