Question: what does it mean in contract law when it is said 'covenant to not compete'?

what does it mean in contract law when it is said 'covenant to not compete'?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

QUESTION 39 Lacrisha offers to service Margi's home alarm system for one year for $500. Under the mirror image rule, Margi's response will be an acceptance if the terms of the acceptance 0 a. change...

Q:

QUESTION 39 Lacrisha offers to service Margi's home alarm system for one year for $500. Under the mirror image rule, Margi's response will be an acceptance if the terms of the acceptance 0 a. change...

Q:

Drinking games: Idaho hockey fans suing arena over beer prices AP Mar. 12, 2014 BOISE, Idaho -A handful of Idaho hockey fans sued a Boise arena on Tuesday, saying they were duped into thinking a $7...

Q:

Question 1 0pts I understand that I am required to complete this assignment on my own, without the help of others. I understand I may only use the course textbook, lectures and my notes in completion...

Q:

When will an agreement made by one without a license fail to be a contract? When will an agreement made by one without a license still result in a binding valid contract? What is meant by a "Covenant...

Q:

dentify the terminology with the scenario for . Write the complete issue . Counter Offer Past Consideration Offer Communicated to the Offeree Obligee/assignor Specially Manufactured Goods Void Parole...

Q:

Identify the terminology with the scenario. Write the complete issue . Counter Offer Past Consideration Offer Communicated to the Offeree Obligee/assignor Specially Manufactured Goods Void Parole...

Q:

Policies that are against allowing contracts to restrain competition arise from Multiple Choice The economic judgment that the public interest is best served by free competition. O A majority of...

Q:

Instructions: 1. Mention the parties involved in the case, duly identified as plaintiffs or defendants, etc. 2. What is the main controversy that arises in the case. (The controversy It is always...

Q:

Good morning i have an assignment Business law 30 questions. 1-When offered an elephant for his new circus act, Conway the Clown says, "I accept but only if you send a written contract." Which of the...

Q:

What is a current liability? Distinguish between a current liability and a long-term debt.

Q:

Consider the figure given in the margin. Find the value c that makes the function f(x) a valid continuous probability distribution.

Q:

What does 'residual value' refer to in life cycle cost analysis? Question 1 7 Answer The total cost after maintenance The estimated value of an asset at the end of its useful life The tax savings of...

Q:

Estimating Demand and Total Revenue 1.(a) Use the following function: QW= 400-2p, to estimate the maximum total revenue. (b) Plot the average, marginal, and total revenue curves (c) What is the...