BEILFUSS, J.
We believe a determination of two issues will resolve the appeal:
1. Is the action barred by the two-year statute of limitations (sec. 893.21 (5), Stats.) ?
2. Is the regulation "a covenant not to compete" and is it invalid under sec. 103.465, Stats. ?
The appellants, Gateway and the trustees, contend that the two-year statute of limitations applies. Sec. 893.21 (5), Stats., provides:
"893.21
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