Non-Competition Covenant
type: Class
subclass of: RBdRbQ6LheYkEvM4LBGBHps
definition: A "Non-Competition Covenant" is a contractual agreement in which one party agrees not to engage in business activities that would compete with another party, typically for a specified period and within a defined geographic region. Such covenants are often used in employment contracts, business sale agreements, and partnerships to protect trade secrets, customer relationships, and other valuable business assets from potential competition by the restricted party.