- restrictive covenant
- restrictive covenant restrictive covenant ➔ covenant
* * *restrictive covenant UK US noun [C]► LAW a formal written agreement in which someone agrees not to do particular things: »
An employer cannot use a restrictive covenant in an employment contract to protect confidential information unless that information could be classified as a trade secret.
Financial and business terms. 2012.
Look at other dictionaries:
restrictive covenant — n 1: a covenant acknowledged in a deed or lease that restricts the free use or occupancy of property (as by forbidding commercial use or types of structures) one who purchases for value and without notice takes the land free from the restrictive… … Law dictionary
restrictive covenant — ☆ restrictive covenant n. a provision that restricts the action of a party to an agreement, as any covenant (unenforceable by law) seeking to prevent the sale of real estate to a member of a specified minority group … English World dictionary
Restrictive covenant — This article is about contractual covenants that restrict use of real property. For contractual restrictions on employment, see Non compete clause. A restrictive covenant is a type of real covenant, a legal obligation imposed in a deed by the… … Wikipedia
restrictive covenant — a covenant with a clause that restricts the action of any party to it, esp. an agreement among property owners not to sell to members of particular minority groups. [1880 85] * * * In property law, an agreement acknowledged in a deed or lease… … Universalium
restrictive covenant — 1) A clause in a contract that restricts the freedom of one of the parties in some way. Employment contracts, for example, sometimes include a clause in which an employee agrees not to compete with the employer for a specified period after… … Big dictionary of business and management
Restrictive Covenant — Any type of agreement that requires the buyer to either take or abstain from a specific action. In real estate transactions, restrictive covenants are binding legal obligations written into the deed of a property by the seller. These covenants… … Investment dictionary
restrictive covenant — A covenant restricting or, regula ting the use of real property or the kind, character, and location of buildings or other structures that may be erected thereon, usually created by a condition, covenant, rescivation, or exception in a deed, but… … Ballentine's law dictionary
restrictive covenant — Provision in a deed limiting the use of the property and prohibiting certain uses. In context of property law, term describes contract between grantor and grantee which restricts grantee s use and occupancy of land; generally, purpose behind… … Black's law dictionary
restrictive covenant — noun Law a covenant imposing a restriction on the use of land so that the value and enjoyment of adjoining land will be preserved … English new terms dictionary
restrictive covenant — 1) A clause in a contract that restricts the freedom of one of the parties in some way. Employment contracts, for example, sometimes include a clause in which an employee agrees not to compete with the employer for a specified period after… … Accounting dictionary