Terms Used In Rhode Island General Laws > Chapter 28-59 - Rhode Island Noncompetition Agreement Act

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Business entity: means any person as defined in § 43-3-6 and includes a corporation, business trust, estate trust, partnership, association, joint venture, government, governmental subdivision or agency, or any other legal or commercial entity. See Rhode Island General Laws 28-59-2
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Department: means the department of labor and training. See Rhode Island General Laws 28-29-2
• Earnings: means wages or compensation paid to an employee in the first forty (40) hours of work in a given week, not inclusive of hours paid at an overtime, Sunday, or holiday rate. See Rhode Island General Laws 28-59-2
• Employee: means an individual who works for hire, including an individual employed in a supervisory, managerial, or confidential position, but shall not include an independent contractor. See Rhode Island General Laws 28-59-2
• Employer: means any person, business entity, partnership, individual proprietorship, joint venture, firm, company, or other similar legal entity who or that employs one or more employees, and shall include the state and its instrumentalities and political subdivisions, public corporations, and charitable organizations. See Rhode Island General Laws 28-59-2
• Independent contractor: means a person who has filed a notice of designation as independent contractor with the director pursuant to Rhode Island General Laws 28-29-2
• Low-wage employee: means an employee whose average annual earnings, as defined in subsection (2), are not more than two hundred fifty percent (250%) of the federal poverty level for individuals as established by the United States Department of Health and Human Services federal poverty guidelines. See Rhode Island General Laws 28-59-2
• Noncompetition agreement: means an agreement between an employer and an employee, or otherwise arising out of an existing or anticipated employment relationship, under which the employee or expected employee agrees that he or she will not engage in certain specified activities competitive with his or her employer after the employment relationship has ended. See Rhode Island General Laws 28-59-2
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Trade secret: means information as defined in § 6-41-1. See Rhode Island General Laws 28-59-2
• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8