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.
Maine Agreement Creating Restrictive Covenants
Instant download
Description
Free preview
How to fill out Agreement Creating Restrictive Covenants?
It is feasible to spend hours online searching for the legal document template that satisfies the federal and state standards you desire.
US Legal Forms provides a wide array of legal documents that are reviewed by professionals.
You can indeed download or print the Maine Agreement Creating Restrictive Covenants from their service.
If available, utilize the Preview button to look through the document template as well. If you wish to find another version of the form, use the Search section to locate the template that meets your needs and requirements. Once you have identified the template you want, click Buy now to proceed. Choose the pricing plan you want, enter your credentials, and register for your account on US Legal Forms. Complete the purchase. You can use your credit card or PayPal account to buy the legal document. Select the file format of the document and download it to your system. Make modifications to the document if applicable. You can complete, alter, sign, and print Maine Agreement Creating Restrictive Covenants. Download and print numerous document templates using the US Legal Forms website, which offers the largest collection of legal documents. Utilize professional and state-specific templates to address your business or personal needs.
- If you already possess a US Legal Forms account, you can Log In and click on the Download button.
- After that, you can complete, modify, print, or sign the Maine Agreement Creating Restrictive Covenants.
- Every legal document template you purchase is yours permanently.
- To obtain another copy of a purchased document, visit the My documents tab and click on the corresponding button.
- If you are using the US Legal Forms website for the first time, follow the simple instructions below.
- First, ensure that you have selected the correct document template for the county/area of your choice.
- Read the document description to verify you have chosen the right form.
Form popularity
FAQ
Restrictive covenants are clauses that prevent, prohibit, restrict, or limit the actions of a person or entity named in a contract. Restrictive covenants are common in real estate transactions and apply to everything from the colors you can paint your house to how many tenants can live in a building.
Noncompete law in Maine, as in other states, has always consisted more of vague standards than easily applicable rules. In general, noncompetes must be ?reasonable,? meaning no more restrictive to the employee than is necessary to protect the employer's legitimate business interests.
A restrictive agreement, or restrictive covenant, is a legal contract between two or more parties that restricts one or more of the parties from engaging in certain activities. These agreements are often used to protect trade secrets, businesses interests, and other confidential information.
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.
When a party enters into a restrictive covenant, he/she agrees to refrain from doing something or from using a property in a certain way that is restricted by the contract. For example, when purchasing real estate, the buyer may agree to use the property for the designated purpose only and not for other purposes.
Are discriminatory restrictive covenants illegal? Generally, yes. Since the United States Supreme Court's 1948 decision in the case Shelley v. Kraemer, restrictive covenants based on race have been unenforceableA contract will not be enforced by a court of law..
