Examlex
A commencement speaker starts her speech by saying,"When I was a student at this university,I anxiously anticipated the day I would sit where each of you are sitting.I studied hard,made many friends,and participated in many campus activities as I anticipated graduation." Her statement is an example of _______.
Covenant Not to Compete
An agreement where one party agrees not to enter into or start a similar profession or trade in competition against another party.
Ongoing Business
A company or commercial enterprise that continues to operate and engage in its activities, as opposed to one that is in the process of closing down or has ceased operations.
Noncompetition
An agreement, often within a contract, that restricts one party from competing directly with another party, usually after termination of the agreement.
Disaffirm
To disaffirm means to legally reject or void a contract or agreement, usually because of the incapacity or unfairness to one party involved.
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