If you are planning on buying a home, condominium, townhouse, or other property, you must take note of whether any restrictive covenants will affect your ability to use your new residence.
North Carolina Agreement Creating Restrictive Covenants
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Restrictive covenants in the labor and employment context are agreements between an employer and employee that restrict the activities of an employee following a separation of employment. Practical Considerations When Including Restrictive Covenants in ... sgrlaw.com ? ttl-articles ? practical-consider... sgrlaw.com ? ttl-articles ? practical-consider...
ANSWER: There is not a specific law that restrictive covenants expire after 30 years. The listing agent may be thinking of a recent decision from the North Carolina Supreme Court. In December 2022, the North Carolina Supreme Court issued its decision in C Investments 2, LLC v. NC Supreme Court Decision: Restrictive Covenants and the ... nc realtors ? question ? nc-supreme-co... nc realtors ? question ? nc-supreme-co...
In North Carolina, courts are permitted to ?blue pencil? restrictive covenants. This means that a court may decide not to enforce a part of the covenant that is distinctly separable in order to make the provision reasonable. However, a court is not able to re-draft an overly broad provision completely or from scratch.
The North Carolina non-disclosure agreement (NDA) is a legal agreement made between two (2) parties in which the receiving party agrees to maintain the secrecy of any confidential business information that they receive from the disclosing party. North Carolina Non-Disclosure Agreement (NDA) | PDF | Word employmentcontracts.com ? nda employmentcontracts.com ? nda