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Flashcards in week 7 - terms Deck (5)
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1

What is a restrictive covenant ?

A restrictive covenant is a clause in a deed or lease to real property that limits what the owner of the land or lease can do with the property.

2

When are restrictive covenants valid?

To protect a legitimate interest
& must be reasonable
between the parties
by reference to public interest
& must go no further than is reasonably required

3

Give some examples of legitimate interests

Confidential information
Trade secrets
Intellectual property

4

Give commercial examples when assessing reasonableness

Type of business
Radius of likely custom
Location and geographical factors

5

Give some personal examples

Nature of job/work
Senior or junior
Executive or routine administration