Examlex
Disadvantages of the regionalized organization structure include:
Noncompetition Provision
A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, typically an employer, for a certain period of time and within a specific geographic area.
Successor Company
A company or entity that takes over the operations, assets, and liabilities of another company, typically through merger or acquisition.
Assignable
Refers to a right or duty that can be transferred from one party to another.
Delegable
Capable of being entrusted or assigned to another person, typically referring to duties or responsibilities that can be transferred to others.
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