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In 1922, the Supreme Judicial Court eliminated any doubt that restrictive covenants in the employment context would be enforced when reasonable. [50] The basic proposition enunciated long ago continued to apply in the 2000s: "A covenant not to compete is enforceable only if it is necessary to protect a legitimate business interest, reasonably ...
While CNCs are one of the most common types of restrictive covenants, there are many others. Each serves a specific purpose and provides specific rights and remedies. The most common types of restrictive covenants are as follows: Garden-leave clause: a type of CNC by which an employee is compensated during the period that the employee is ...
Non-solicitation agreement provisions—alongside the non-compete clause (NCC) and the non-disclosure agreement (NDA)—constitute one of three restrictive covenants frequently found within a business contract. They may be entered into with both employees and independent contractors—in addition to multiple entities—as part of a larger ...
Chicago adopted racially restrictive housing covenants beginning in 1927. [13] In 1948, the United States Supreme Court ruled that enforcement of racial restrictive covenants was unconstitutional. 1953: Housing In August 1953, the first black family moved into Trumbull Park, a formerly all-white project of the Chicago Housing Authority.
This Woodcrest covenant states that only detached, single-family, two-and-a-half-story homes can be built in the subdivision. The George Building Company recorded the covenants in the Wake County ...
Land Law (restrictive covenants on land are imposed upon subsequent purchasers if the covenant benefits neighbouring land) Agency and the assignment of contractual rights are permitted. Third-party insurance - A third party may claim under an insurance policy made for their benefit, even though that party did not pay the premiums.
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