Define moratorium: a legally authorized period of delay in the performance of a legal obligation or the payment of a debt â moratorium in a sentence a legally authorized period of delay in the performance of a legal obligation or the payment of a debt; a waiting period set by an authorityâ¦
Restrictive Clause. A restrictive modifying clause (or essential clause) is an adjective clause that is essential to the meaning of a sentence because it limits the thing it refers to. The meaning of the sentence would change if the clause were deleted.
Restrictive covenants are also very important concepts in employment law, covering agreements prepared by employers who seek to protect themselves from an employee leaving and joining the competition, or becoming the competition! A restrictive covenant can provide for a number of limitations.