negative covenant

negative covenant
n.
A covenant that prevents someone from doing something, such as selling goods in the same region as someone else.

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


negative covenant
USA
negative covenant, Also known as a restrictive covenant.
An agreement or promise binding the person or persons giving the covenant to abstain from the performance of certain things or to restrict its actions in some other way.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


negative covenant
A provision found in an employment agreement or a contract of sale of a business that prohibits an employee or seller from competing in the same area or market.

Dictionary from West's Encyclopedia of American Law. 2005.


negative covenant
A provision found in an employment agreement or a contract of sale of a business that prohibits an employee or seller from competing in the same area or market.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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