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Schedule “1 RESTRICTIVE COVENANT AS TO USE OF LAND MEMORANDUM OF AGREEMENT made this day of August 2006. BETWEEN: GEN STAR TITLE CO LIMITED, a body corporate with an office in the City of Calgary,
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How to fill out a restrictive covenant as to:

01
Identify the parties involved: Begin by clearly stating the names and roles of the parties who are entering into the restrictive covenant agreement. This typically includes the individual or entity who is imposing the restriction (such as an employer or property owner) and the party who will be restricted (such as an employee or tenant).
02
Specify the nature of the restriction: Clearly outline the specific restrictions or limitations that will be imposed by the covenant. This could include prohibitions on certain activities, restrictions on the use of certain resources, or limitations on disclosing confidential information.
03
Define the scope and duration of the restriction: Determine the extent to which the restriction will apply and the duration for which it will remain in effect. This could involve specifying the geographical region in which the restriction applies or setting a timeframe for its enforceability.
04
Consider any exceptions or waivers: Determine if there are any circumstances under which the restrictive covenant can be waived or exceptions can be made. This is particularly relevant in situations where certain conditions may make it necessary to temporarily suspend the restrictions, such as during an emergency or for business operations.
05
Include provisions for enforcement: Outline the consequences of breaching the restrictive covenant and the remedies available to the party who has been harmed as a result. This could include financial penalties, injunctive relief, or the ability to seek legal action.

Who needs a restrictive covenant as to:

01
Employers: Employers often use restrictive covenants to protect their business interests, such as preventing former employees from starting competing businesses or soliciting clients.
02
Property Owners: Property owners may use restrictive covenants to maintain specific standards within a neighborhood or development, ensuring the preservation of property values or maintaining a certain aesthetic.
03
Parties involved in confidential agreements: Restrictive covenants can be used in agreements involving the exchange of sensitive information, such as non-disclosure agreements or intellectual property licenses, to prevent the unauthorized disclosure or misuse of such information.
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A restrictive covenant is a legal agreement that limits how a piece of property can be used or developed.
Property owners or developers are typically required to file restrictive covenants.
Restrictive covenants can be filled out by submitting the necessary paperwork to the appropriate authority.
The purpose of a restrictive covenant is to protect the value and integrity of a property or development.
The information that must be reported on a restrictive covenant includes details about the property, the specific restrictions being imposed, and any relevant legal provisions.
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