What Is a Noncompete Agreement

question 14

Multiple Choice

What is a noncompete agreement?

• A) A clause where one party agrees not to enter into a similar business or market as the other
• B) An agreement between regional competitors to split up the market between the two of them
• C) A clause that restricts an employee from maintaining employment with a new business owner
• D) An agreement between the Seller and Buyer to not compete over the purchase price of the business

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