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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Definitions:

Imitation

The action of using someone or something as a model and replicating their behavior or actions.

Beck's Cognitive Therapy

Beck's Cognitive Therapy, developed by psychologist Aaron T. Beck, is a therapeutic approach that identifies and helps change negative and distorted thinking patterns and beliefs to treat depression and other conditions.

Depression

Depression is a common and serious medical illness that negatively affects how you feel, the way you think, and how you act, characterized by persistent sadness and a lack of interest or pleasure in previously rewarding or enjoyable activities.

Behavior Therapy

A therapeutic approach focused on changing dysfunctional behaviors through the systematic application of learning principles and techniques.