Asked by Elvy A. Zingg on May 08, 2024
Verified
A covenant not to compete is a type of restraint of trade that courts today will enforce under certain circumstances.
Covenant Not To Compete
A legal agreement in which one party agrees not to enter into or start a similar profession or trade in competition against another party.
Restraint Of Trade
Any activity or agreement that restricts competition or interferes with free commerce in the marketplace.
Courts
are judicial institutions with the authority to settle disputes, interpret the law, and administer justice in civil, criminal, and administrative matters.
- Identify circumstances under which certain restrictive covenants, like non-compete clauses, are enforced by courts.
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Learning Objectives
- Identify circumstances under which certain restrictive covenants, like non-compete clauses, are enforced by courts.
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