covenant not to compete
covenant not to com·pete n: a covenant in an agreement (as for the sale of a business) by which one party agrees not to engage in the same business or a similar business in a particular area for a period of time

Merriam-Webster’s Dictionary of Law. . 1996.

covenant not to compete
n.
An agreement made as part of a contract for employment in which the covenantor agrees not to compete with the covenantee in a particular area for a specified time.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


covenant not to compete
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Employment Law & HR → Employee Rights
Category: Employment Law & HR → Human Resources
Category: Patent, Copyright & Trademark → Trade Secrets

Nolo’s Plain-English Law Dictionary. . 2009.

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

Law dictionary. . 2013.

Look at other dictionaries:

  • covenant not to compete — An agreement, generally part of a contract of employment or a contract to sell a business, in which the covenantor agrees for a specific period of time and within a particular area to refrain from competition with the covenantee. Such covenant… …   Black's law dictionary

  • covenant not to compete — An agreement, generally part of a contract of employment or a contract to sell a business, in which the covenantor agrees for a specific period of time and within a particular area to refrain from competition with the covenantee. Such covenant… …   Black's law dictionary

  • covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… …   Law dictionary

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  • restrictive covenant — 1) A clause in a contract that restricts the freedom of one of the parties in some way. Employment contracts, for example, sometimes include a clause in which an employee agrees not to compete with the employer for a specified period after… …   Accounting dictionary

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  • Restrictive covenant — This article is about contractual covenants that restrict use of real property. For contractual restrictions on employment, see Non compete clause. A restrictive covenant is a type of real covenant, a legal obligation imposed in a deed by the… …   Wikipedia

  • Davidson Bros., Inc. v. D. Katz & Sons, Inc. — Davidson Bros., Inc. v. D. Katz Sons, Inc., 643 A.2d 642 (1994), was a case decided by the Appellate Division of the Superior Court of New Jersey that first applied public policy considerations instead of the touch and concern doctrine when… …   Wikipedia

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