Terms in this set (36)
A contract that provides that a seller of a business, an employee, a franchisee, or another covered party will not engage in a similar business or occupation within a specified geographical area for a specified time following the sale of the business or termination of employment; also called a noncompete clause.
duty of an adult when a minor has disaffirmed a contract to return any money, property, or other valuables received from the minor, or if the consideration has been sold or has depreciated in value, then to pay the minor the cash equivalent; a minor owes a duty of restitution if the minor's intentional, reckless, or grossly negligent conduct caused the loss of value to the adult's property or if the minor misrepresented his or her age when entering into a contract.
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