Which of the following refers to a part of a contract in which a person agrees not to open a certain type of business or seek employment doing certain things in a particular area for a period of time?
A) Noncompete clause
B) Exculpatory clause
C) Hold harmless clause
D) Interstate clause

Question

Quizplus · Accepted Answer

A noncompete clause is a part of a contract in which a person agrees not to open a certain type of business or seek employment doing certain things in a particular area for a period of time. Other options - Exculpatory clause relates to waiving responsibility in case of injury or damage, Hold harmless clause refers to holding a party harmless from liability, and Interstate clause relates to laws or regulations related to activities between different states.

Which of the Following Refers to a Part of a Contract