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What Is the Classification of a Covenant That Requires to Buyer

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What is the classification of a covenant that requires to buyer to maintain a minimum EBITDA?


Definitions:

Defense of Property

The legal right to use reasonable force to protect one's property from theft, damage, or invasion.

Common Law Doctrine

A Common Law Doctrine is a rule or principle established from precedent, derived from court decisions, rather than statutes or written law.

Castle

A large, fortified residence or stronghold, historically used by nobility or royalty for protection and as a symbol of power.

Traditional Categories

Established or conventional classifications used to organize concepts, items, or practices according to common characteristics.

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