BUSINESS LAW CASE

Business Law Case

Business Law Case

Introduction

This case relates to the legality of contracts. The case mentioned between Jan and Amy revolves around the business legal contracts and enforceable. The case was that Jan signs a noncompetitive contract with Amy. According to the contract, Jan is not allowed to open a similar business within three state radius of Amy's business for 5 years. This contract is a restrictive covenant (Kennedy, 2004).

Restrictive covenant

Restrictive covenants such as non-compete and non-solicitation agreements are often used in connection with acquisitions to protect the underlying value of the transaction. After all, an acquiring company typically values ...