The Purpose of a Valid Restraint of Trade Clause in a Contract

question 16

Multiple Choice

The purpose of a valid restraint of trade clause in a contract for the sale of a business is:

• A)to allow other traders to become aware of the change in ownership.
• B)to ensure the public knows of the change in ownership of the business.
• C)to set an area and a time limit in which the buyer can start another business.
• D)to reasonably protect the goodwill of the business.
• E)all of the above purposes.

Understand the importance and procedure of recording in property law and how it affects property ownership transfer.

Analyze legal strategies available for resolving family disputes over inheritance and property rights.

Interpret the role and legal implications of adverse possession in property law.

Examine the intricacies of zoning regulations, including variances and non-conforming use permits.

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Definitions:

Traditional Sweatshops

Workplaces that have very poor, socially unacceptable working conditions and may exploit workers.

Contingent Work

Employment arrangements that are temporary or freelance in nature, often without the long-term commitments or benefits associated with full-time work.

Third Sector

The segment of society that includes non-profit organizations and non-governmental entities that serve public interests and societal needs.

Global Commodity Chain

A global chain of manufacturing and delivery activities through which a product travels before it arrives at the consumer.