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Freedom of Contract
The principle that individuals have the liberty to enter into agreements as they choose without unjust government interference.
Noncompetition Clause
A provision in a contract that prohibits one party from competing with another party for a certain period of time and within a certain geographic area.
Legitimate Business Purpose
A rational, honest intention or objective behind a business action or decision, often considered in legal contexts to validate transactions.
Geographic Area
A specific portion of the Earth's surface defined by natural or artificial boundaries, characterized by distinct physical, administrative, or cultural properties.
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