Promesse de ne pas faire
English translation: (Security interests) Negative pledge; (employment/land) restrictive covenant
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| 10:07 Dec 11, 2015 |
| French to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Adrian MM. (X) Local time: 20:44 | ||||||
Grading comment
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| 4 +1 | (Here) Negative pledge; (employment/land) restrictive covenant |
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| 4 | Non-Disparagement Clause |
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| Discussion entries: 3 | |
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Answers
1 hr confidence: 
peer agreement (net): +1
peer agreement (net): +1(Here) Negative pledge; (employment/land) restrictive covenant Explanation: Credit to Allegro in the discussion entries for fastening on the security interests context. Negative pledge: 'keep off' creating any further fixed, floating or land charges. Otherwise, restrictive covenant would work for employment and land. The web ref. to being contained in a deed is wrong and must refer to land only. Restrictive covenants may be contained in 'undeeded' contracts of employment and directors' service contracts. Surprisingly, even UK lawyers and legal textbooks mix up (lawful) restrictive covenants and (deemed-unlawful) restraints of trade. Example sentence(s):
Reference: http://https://en.wikipedia.org/wiki/Negative_pledge |
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Grading comment
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1 day 6 hrs confidence:
Non-Disparagement Clause Explanation: I'm wondering if this has anything to do with a non-action agreement? Instead of an NDA, a Non-Disparagement Clause. The definition on contractstandards.com states: "A non-disparagement clause restricts individuals from taking any action that negatively impacts an organization, its reputation, products, services, management or employees". |
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