Search results
Results From The WOW.Com Content Network
In real estate, a restrictive covenant is a rule or condition placed on a property that outlines what homeowners can and cannot do with their land. These covenants are legally binding and often ...
In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer).
A covenant, in its most general sense and historical sense, is a solemn promise to engage in or refrain from a specified action.Under historical English common law, a covenant was distinguished from an ordinary contract by the presence of a seal. [1]
Additionally, the law further codified the common law concerning non-compete agreements in that (1) a non-compete covenant must be no greater than is required for the protection of a legitimate business interest of the employer, (2) the non-compete covenant must not impose an undue hardship on the employee, and (3) the non-compete covenant must ...
Land Law (restrictive covenants on land are imposed upon subsequent purchasers if the covenant benefits neighbouring land) Agency and the assignment of contractual rights are permitted. Third-party insurance - A third party may claim under an insurance policy made for their benefit, even though that party did not pay the premiums.
Non-solicitation agreement provisions—alongside the non-compete clause (NCC) and the non-disclosure agreement (NDA)—constitute one of three restrictive covenants frequently found within a business contract. They may be entered into with both employees and independent contractors—in addition to multiple entities—as part of a larger ...
"The practice of racially restrictive covenants is a clear example of systemic racism," Golden Valley City Attorney Maria Cisneros said during an online forum on the topic hosted by In the City ...
Covenant (law), a promise to engage in or refrain from a specified action (including restrictive covenant, a restriction on the use of property) Covenant marriage, a marriage contract that does not allow for no-fault divorce