MARIA LOURDES MARQUEZ PEÑALOZA - 3429XXX

Comprehensive Background check of Maria Lourdes Marquez Peñaloza - 3429XXX

Nationality Venezuelan
National citizen document 3429XXX
Voter Precinct 49880
Report Available

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What does the non-compete clause imply in a commercial lease contract in Colombia?

The non-compete clause in a commercial lease in Colombia means that the tenant cannot carry out competing business activities in the same area or location as the leased property. This clause protects the landlord's business interests and prevents direct competition that could negatively affect its business. It is essential that the clause clearly specifies the duration and geographical limits of the restriction, as well as any agreed compensation in the event of non-compliance. The inclusion of this clause provides legal protection to the landlord and clarity to the tenant regarding trading restrictions.

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