restrictive covenant

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restrictive covenant

n
(Law) law a covenant imposing a restriction on the use of land for the purpose of preserving the enjoyment or value of adjoining land
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In March 2008, the Town granted petitioners' application, however, it was subject to several restrictive covenants, including one that required all 172 units in the project to be sold as condominiums only.
The government's call for views on the use of restrictive covenants highlights the difficulty in balancing the interests of companies protecting their businesses, encouraging competitive firms to grow and allowing freedom of choice to customers.
I have written about restrictive covenants (or post-termination restrictions as they are also known) in this column before.
Restrictive covenants in service agreement and employment contracts can stop outgoing directors and employees from competing with you and poaching customers.
The author has organized the main body of his text in five chapters devoted to restrictive covenants, housing rights, and the civil rights movement, race and housing in the 1940s, local lawyers and legal activism, and a wide variety of other related subjects.
Hirshberg, the watershed New York Court of Appeals decision on the enforcement of restrictive covenants in employment agreements, courts .
The employment law specialist says employees may be unaware of restrictive covenants accepted when they took on their current jobs or upon promotion.
Lynn, HR specialist at Lockwood-based Pennine Business Partners, contributed to a Q&A feature in the Financial Times on the subject of the effectiveness of restrictive covenants - and issue that can affect many senior roles in corporate organisations.
Q How are restrictive covenants on land enforced, and is it possible to obtain compensation for a breach of covenant?
HOMEOWNERS should be aware that if they are intending to carry out external alterations to their property, such as extensions and conservatories, consent may be needed under the terms of the title to their property due to restrictive covenants imposed upon the land.
A RECENT case has highlighted the potency of restrictive covenants and their ability to scupper development if they aren't dealt with.
The biggest impact of this will be on provisions such as restrictive covenants and exclusivity arrangements, which have been exempt from competition law until now.