There’s Nothing Wrong With Non-compete Clauses

What is a non-compete clause (NCC)? It is an agreement, usually between the buyer of a business and a seller thereof, that at least for a specified time period, and usually in a given geographical area, the latter shall not compete with the former.

For example, dentist or lawyer or grocer A sells his practice or emporium to B. Part of the contract of sale provides that A will step aside and not stay in operation, certainly not compete against B.

This type of commercial arrangement also takes pla...