Asked by
Mohamed Alsaidi
on Nov 29, 2024Verified
An agreement to refrain from a particular trade, profession, or business is enforceable if two requirements are met: that the purpose of the restraint is to protect a property interest of the promisee and the restraint is no more extensive than is reasonably necessary to protect that interest.
Property Interest
A legal right or claim to property, including ownership, use, or investment stakes.
Enforceable
Capable of being imposed or carried out by legal process or by force; applicable to obligations or contracts that can be legally compelled.
- Understand the enforceability of agreements regarding trade, profession, or business limitations.
Verified Answer
PB
Learning Objectives
- Understand the enforceability of agreements regarding trade, profession, or business limitations.