A Provision in a Lease That Prohibits a Tenant from Opening

question 16

True/False

A provision in a lease that prohibits a tenant from opening another store within a certain geographical area of the leased premises is known as a radius clause.

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Definitions:

Soft Wax

A material used primarily for aesthetic purposes, such as enhancing the finish of wood or in hair removal procedures.

Impression

The effect or influence that something or someone produces on the mind or feelings; a perception or interpretation of something.

Negotiable Instruments

Negotiable Instruments are written documents guaranteeing the payment of a specific amount of money to the bearer or named party, such as checks, promissory notes, and drafts.

Unconditional Promise

A pledge or assurance given without any prerequisites or contingencies.