restrictive covenant en · NOUN
Meanings
- An agreement between parties limiting or restricting the use of land owned by one of the parties.
-
A noncompete agreement
2019, Paul Greco, "How To Make Sure Restrictive Covenants Survive A Restructuring", Life Science Leader, VertMarkets. Careful to protect the goodwill it is developing with these providers, the life sciences company decides to use restrictive covenants — i.e., noncompetes, in the popular vernacular — to ensure the sales reps cannot compete for a period of time after changing jobs and potentially transfer the value of burgeoning customer relationships to some new employer.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| restrictive covenants | Number=Plur | lexicographic |
Translations (1)
es pacto restrictivo (agreement)