Non-competes are restrictions on employees by their current employer. A non-compete agreement between a seller and buyer is perfectly fine.
> A non-compete agreement between a seller and buyer is perfectly fine.
Well, it's up to market protection agencies to look at the specifics.
Technically, restrictions on employees by their FORMER employer. In theory (if valid), they could retain power over you for a time AFTER you are no longer employed.
A similar thing is often done during dismissal: sign away your rights to sue for wrongful dismissal in return for severance. In my case, almost a year's worth of pay seemed like a reasonable severance, so I took it and didn't argue.