What does CNTC stand for?

Covenant Not to Compete (legal agreement)

This definition appears very rarely and is found in the following Acronym Finder categories:

Organizations, NGOs, schools, universities, etc.
Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

For example, Division Five of the Second Appellate District voided a covenant not to compete because it did not fall within one of the express, enumerated exemptions in sections 16601, 16602, and 16602.

"Edwards v. Arthur Andersen LLP": One Year Later

For tax purposes, a covenant not to compete is recognized when it is severable from goodwill, the agreement is separately bargained for, and the covenant can be shown to have economic substance.

Noncompete agreement payment wasn't sale of personal goodwill

The seller subsequently takes the position that the entire purchase price should be treated as a capital gain, arguing that the agreement to allocate a portion of the purchase price to a covenant not to compete bore no relationship to economic reality.

Limitations on taxpayers' ability to disavow tax consequences of ...

North Carolina Courts may not rewrite or revise a covenant not to compete unless it is overbroad.

Physicians' covenants not to compete are enforceable

Covenants Not to Compete and Consulting Agreements A covenant not to compete is usually an integral part of the business purchase.

Know the tax pros and cons when buying a business

Because Polter was not asked to sign a covenant not to compete when he was initially employed by Cumulus, and only signed one later, the clause is not enforceable, according to the lawsuit.

New radio company sues Cumulus

The shareholders signed a five-year employment agreement that contained a covenant not to compete with the corporation.

Tax considerations of merging a practice; Case study: merging a ...

Nelson began her company within a month of leaving NTSI but she was "not bound by any contract covenant not to compete," and she doesn't believe "the activities she engaged in constitute any unfair competition or misappropriation of trade secrets," Lawyer said.

Woman must pay for stealing business Ex-employer's data, trade ...