A(n) ____ Prohibits an Employee from Working for Any Competitors

question 52

Multiple Choice

A(n) ____ prohibits an employee from working for any competitors for a period of time.

• A) nonemployment agreement
• B) employee contract
• C) nondisclosure agreement
• D) noncompete agreement

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Definitions:

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.

Price Reduction

A decrease in the selling price of goods or services, often used as a strategy to increase consumer demand or clear out inventory.

Void Contract

An agreement that lacks legal enforceability or is null from its inception due to certain legal deficiencies.

Installment Contract

A contract that requires periodic payments over time for the purchase of goods or services.