Question

Micah has been working as a fitness trainer at a gym. He plans on opening a new gym of his own three blocks down the street. However, if he does this he will be in violation of the _______ he signed when he took the job, which prevents him from starting a gym within five miles of his employer.

A) taxpayer identification form

B) 1099 form

C) noncompete agreement

D)vexclusive account agreement

Answer 1

The correct answer is C

Answer 2

C) noncompete agreement

Step-by-step explanation:

A noncompete agreement is usually signed between an employer and an employee in order to prevent the employee from working for the competition or starting his own competing business. This type of agreement is not common and it is generally used when the employee might possess some specific abilities or know some trade secrets.

This type of agreement must have an specific type and range, for example two years and in the same city. The agreement must contain why this agreement is necessary, and how ill the employee be compensated for agreeing to this situation, e.g. the employee will receive certain benefits in case he/she is fired.