restrictive covenant
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English
Noun
restrictive covenant (plural restrictive covenants)
- (law) An agreement between parties limiting or restricting the use of land owned by one of the parties.
- (law) A noncompete agreement
- 2019, Paul Greco, "How To Make Sure Restrictive Covenants Survive A Restructuring", Life Science Leader, VertMarkets.
- Careful to protect the goodwill it is developing with these providers, the life sciences company decides to use restrictive covenants — i.e., noncompetes, in the popular vernacular — to ensure the sales reps cannot compete for a period of time after changing jobs and potentially transfer the value of burgeoning customer relationships to some new employer.
- 2019, Paul Greco, "How To Make Sure Restrictive Covenants Survive A Restructuring", Life Science Leader, VertMarkets.
Translations
agreement
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