A noncompetition clause is also known as a "liability waiver."

Noncompetition Clause

A contract provision that prohibits a party from engaging in similar business or trade in competition against another party.

Liability Waiver

A legal document in which a person agrees to relinquish the right to sue or claim against another party in case of injury or damage.

Learn about the legal enforceability and considerations pertinent to noncompetition clauses.

Verified Answer

Final Answer :

False

Explanation :

An exculpatory clause is also known as a "liability waiver" or "release".

Learning Objectives

Learn about the legal enforceability and considerations pertinent to noncompetition clauses.