An Agreement to Refrain from a Particular Trade, Profession, or Business

question 22

True/False

An agreement to refrain from a particular trade, profession, or business is enforceable if two requirements are met: that the purpose of the restraint is to protect a property interest of the promisee and the restraint is no more extensive than is reasonably necessary to protect that interest.

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Definitions:

Policy

A deliberate system of principles to guide decisions and achieve rational outcomes, often within an organizational or governmental context.

Negative Inequity

A feeling that occurs when one perceives they are receiving less than they deserve compared to others.

Work Inputs

The effort, time, and resources invested by employees in their work tasks.

Leaving the Situation

A conflict management or stress coping strategy involving physical or psychological withdrawal from a problematic scenario.