Covenant Not to Compete

Concept of Covenant Not to Compete in the context of Real Property

A short definition of Covenant Not to Compete: A promise (covenant) usually by a seller of a business, not to operate a competitive business after the sale. The more specific the restriction (time limit, distance, etc.), the more easily it is enforceable.

Concept of Covenant Not to Compete in the context of Real Property

A short definition of Covenant Not to Compete: A promise (covenant) usually by a seller of a business, not to operate a competitive business after the sale. The more specific the restriction (time limit, distance, etc.), the more easily it is enforceable.