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)patent.
C)copyright.
D)trademark.

Question

Quizplus · Accepted Answer

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 noncompete covenant. This type of contract is often used in employment agreements to prevent former employees from immediately starting a competing business. Patents, copyrights, and trademarks are all forms of intellectual property protection, but they do not necessarily limit others from entering a specific industry or line of business.

A Contract Limiting the Rights of Others to Go into Business