Zach sold a restaurant to Shane for $295,000. As part of the agreement, Zach promised not to open another restaurant business fo

Question

aliya0001 [1]

3 years ago

8

Zach sold a restaurant to Shane for $295,000. As part of the agreement, Zach promised not to open another restaurant business fo

r three years within a 50-mile radius of the one sold. What is the name of this clause?

Business

1 answer:

levacccp [35] · Answer 1 · 2022-04-07T08:40:41+03:00

Answer:

Non-compete clause

Explanation:

The name of this clause is Non-compete clause. It is is a clause under which one party agrees not to enter into or start a similar profession or trade in competition against another party. By prudence of this non compete clause, the worker attempts and gives his acknowledgment to the state of the business that over the span of the work or significantly after the representative leaves the administrations/occupation of the business, he will not be the contender of the business in the structure and nature of the work of the business.