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 not considered illegal, but restrictions that are particularly exacting have been found to limit the ability of an individual to do business. In these cases, some courts have found a specific restrictive covenant agreement not to be valid. That is, the court in question would not hear the case.