Business, Legal & Accounting Glossary
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Covenant Not To Compete are sourced/syndicated and enhanced from:
This glossary post was last updated: 27th April, 2020 | 0 Views.