M&A Foundations · glossary
The umbrella term for the seller's post-completion promises not to compete with the sold business or solicit its staff and clients. They protect the goodwill the buyer paid for — and are enforceable only if reasonably limited in scope, geography and duration. Clause 11 · Chapter 15
Explained in Chapter 15, Completion and Beyond, of M&A Foundations.
The main page for this term is Restrictive covenant, in Employment Contracts.
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →