A Covenant Not to Compete Only Restricts the Time Period

question 9

True/False

A covenant not to compete only restricts the time period of compensation.

---

Definitions:

Contract Liability

The legal obligation that arises from entering into a contract, where parties are bound to fulfill the terms of the contract.

Warranty Liability

The legal obligation of a seller to compensate the buyer for defects or issues in the sold product or service that were guaranteed against in a warranty.

Nonconsumer Transaction

A transaction that primarily involves goods, services, or property intended for business or commercial purposes, rather than personal, family, or household use.

Personal Claims

Legal claims relating to or affecting a person's private rights, often involving compensation for personal harm or damage.