Employers Can Only Enforce a Covenant Not to Compete If

question 88

True/False

Employers can only enforce a covenant not to compete if they can show a valid business purpose for doing so.

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Definitions:

Market Value

The current quoted price at which an asset or service can be bought or sold in a public marketplace.

Economic Condition

Refers to the current state of the economy in a particular area or globally, often evaluated based on factors like GDP, employment rates, and inflation.

Credit Risk

The possibility that a borrower may default on any type of debt by failing to make required payments.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, listing assets, liabilities, and equity at a specific point in time.