restraint of trade

English

Noun

restraint of trade (countable and uncountable, plural restraints of trade)

  1. (law) An agreement that prevents fair competition on the open market, such as an agreement by one party to hire a second party to work within a profession on the condition that the second party will not compete against the first.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.