Business Terms and Jargon Explained

What is Restraint of trade

This is a clause in an employment contract that prevents an employee when they end their contract not to set up in competition with their ex-employer. This can be a restraint in the type of business they are in or/and within a certain distance.

Restraint of trade must be reasonable or are not enforceable.

A restraint of trade may be entered into when someone sells his or her business.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Search Term   

Voir Dire REDCENT Ex post facto
Company Director service agreement Independent contractor Housing claim
Procurement Macro environment Barrister
Lessee Deregistration Service mark
Accounting Rate of Return Undercapitalized E.C.B
Administration Margin Scheme Buy back
Tender Ex-Works Capital expenditure
Sub nomine Chargeable Value Offer
Exit strategy Accumulation QROPS
Preamble Private Motor Vehicle Agricultural property
General lien Donor Business Promotion Scheme
Adler32 Ex rights Deferred sentence
Liability Hidden Economy World Intellectual Property Office

Term created / updated 2014-10-27 19:07:55

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.