Home >  Blossary: Business Contracts  >  Term: restrictive covenant
restrictive covenant

This covenant is placed in contractual agreements, which prohibits the party or parties from working with competitors for the duration, or for some time, after the contract is completed. It must be properly written or courts will view it as a restraint of trade and not enforce them.

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  • Part of Speech: noun
  • Industry/Domain: Law
  • Category: Contracts

Business Contracts

Category: Business

Total terms: 10

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