Labour Code regulation of non-compete Clause in context. (vol. I)

Abstract

The article deals with individual aspects of a non-compete clause entered into between an employer and an employee in accordance with Section 310 of the Labour Code. The article explains the nature of a non-compete clause, its requisites and possibility of its conclusion including specification of competing activities.

The authors further focus on financial compensation for adherence to the non-compete clause and the tax and insurance regime it is subject to as well as a contractual penalty as a consequence for non-compliance with the clause.

Keywords

• non-compete clause
• competing activity
• financial compensation
• contractual penalty