The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

RESTRAINT OF TRADE Definition & Legal Meaning

Definition & Citations:

1. A contract that is legal between buyer and seller, employee and employer preventing the seller or employee from having a similar business within the geographical area during a set time period.2. A contract that is illegal by attempting to damage another person’s opportunity or ability to carry on in business.

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