Final answer:
A non-competition clause is a type of contract that restricts an individual or company from engaging in competitive activities with another party for a certain period of time and within a specific geographic area.
Step-by-step explanation:
A non-competition clause is a type of contract that restricts an individual or company from engaging in competitive activities with another party for a certain period of time and within a specific geographic area.
It is commonly used in employment contracts or business agreements to protect the interests of the party imposing the clause by preventing the other party from entering into direct competition.
For example, a non-competition clause in an employment contract may prohibit an employee from working for a competing company within a certain radius of their current employer.