Law.com

Search Legal Terms and Definitions

Browse:  A B C D E F G H I J K L M N O P Q R S T U V W Y Z
     
Enter a Legal Term


Search the Definitions


covenant not to compete

n. a common provision in a contract for sale of a business in which the seller agrees not to compete in the same business for a period of years or in the geographic area. This covenant is usually allocated (given) a value in the sales price.
See also: covenant 

From the Law.com Newswire


The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications

Advertisement