A contract limiting the rights of others to go into business in a specific industry or line of business for a specified period is called a
A) noncompete covenant.
B) leasehold.
C) license.
D) trademark.

Question

Quizplus · Accepted Answer

A noncompete covenant is a type of agreement that prohibits one party from competing with another party in a specific industry or line of business for a specified period of time. This type of agreement is commonly used in employment contracts or business sale agreements to protect the interests of the parties involved.

A Contract Limiting the Rights of Others to Go into Business