A Non-Compete Agreement is a legally binding contract in the realm of human resources that restricts employees from engaging in competitive activities or working for a competing business, typically for a specified duration and within a defined geographic area after leaving their current employer.

Example
In a Non-Compete Agreement, an employee at a software company may agree not to work for a rival software firm within a 50-mile radius for a period of one year after leaving their current job. This is to protect the company's trade secrets and prevent employees from directly competing in the same market immediately after termination of employment.