The Contract for the Sale of a Business Usually Includes

question 23

Multiple Choice

The contract for the sale of a business usually includes a(n) ________________, similar to the restrictive covenant placed in an employment contract.

• A) agreement not to compete
• B) nondisclosure agreement
• C) service level agreement
• D) arbitration agreement

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Definitions:

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.

Communication

The process by which information is exchanged between a sender and a receiver.

Coordination

The process of organizing people or groups so that they work together properly and well.