Real Estate Glossary Term
Covenant Not To Compete

A promise (covenant) usually by a seller of a business, not to operate a competitive business after the sale. The more specific the restriction (time limit, distance, etc.), the more easily it is enforceable.

More Real Estate Definitions

• 1031 Exchange (1031 tax deferred exchange)
• Allodial System
• Attorney in fact
• Blind Ad
• Condemnation
• Defeasance clause
• Doctrine of Laches
• Dual Agency
• Easement
• Equitable title
• Estoppel
• Executed contract
• Fee Simple Defeasible
• Fiduciary Deed
• Friable
• Implied contract
• Metes And Bounds
• Net Listing
• Operating Statement
• Option Contract
• Personal property
• Power of attorney
• Primary Markets
• Real Estate Contract
• Real property
• Recognition Agreement
• Riparian rights
• Secondary Markets
• Straight Note
• Subordination
• Subrogation
• Tenancy in Partnership
• Trade fixtures
• Trust deed
• Trustor
• Truth in Lending Act