A non compete agreement is basically a contract that is drafted between an employer and an employee. Employee restrictive covenants, in particular noncompetition agreements, are under scrutiny at the state and federal level.An agreement that does not comply with the most recent updates in the law may be void. The main goals of non-compete agreements are to reduce competition for the employer and to prevent trade secrets from being shared with competitors. If adopted, the financial penalties for violations could be steep. There are no statutes relating to at-will status in private employment. Nevada has a unique approach to non-competes. There are no statutes relating to at-will status in private employment. General employment relationships.