A negative covenant is "a provision in an employment agreement or a contract of sale of a business which prohibits the employee or seller from competing in the same area or market. Such restriction must be reasonable in scope and duration." -From, "Black's Law Dictionary"
Monday, October 13, 2008
Elsie Law's Daily Dose Of The Law
A negative covenant is "a provision in an employment agreement or a contract of sale of a business which prohibits the employee or seller from competing in the same area or market. Such restriction must be reasonable in scope and duration." -From, "Black's Law Dictionary"
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