Also known as negative easements, restrictive covenants can wreak havoc on the ability to develop property. Recently, in our real estate practice at Farrell Fritz, we have seen two alarming examples.
When comparing homes to buy, you may discover that some communities have restrictive covenants in place. These housing rules are most common in condominiums, townhomes, planned communities and ...
People often misunderstand the distinction between restrictive covenants and zoning. Here’s my stab at setting the record straight. Restrictive covenants (which are sometimes called “protective ...
The enforceability of restrictive covenants in the United States is currently governed by state law, although that may change if federal rules or legislation are enacted to address such covenants.
Using a restrictive covenant in a 1938 deed, neighbors in the Tara-Leeway Heights neighborhood convinced a developer to build a single-family home instead of a duplex. The home, 1313 N. Harrison ...
While we acknowledge that under some circumstances the enforcement of restrictive covenants, such as against low paid employees or interns, can be onerous, Assembly Bill 3715, recently voted out of ...
Employers rely on these provisions not only to protect trade secrets and client relationships, but to protect the return on their substantial investments in employee training. At the same time, ...
So-called “restrictive covenants,” forbidding the sale or rental of real estate to people based on their race or ethnicity, were commonplace in the middle of the 20th century, and many current real ...
Pete is managing shareholder of the firm’s Chicago office. He counsels employers on a wide variety of workplace challenges, including protecting trade secrets and other valuable information and ...
One of the most effective ways for a business to prevent loss of valuable intellectual property is through confidentiality agreements and post-employment restrictive covenants. Although ...