Contracts in restraint of trade, Business Law and Ethics

Contracts in Restraint of Trade

This is a contract through which a person voluntarily or unwillingly restricts his future liberty to carry at his trader business or profession in that manner or with persons as he chooses like e.g. an employer restraining for an employee from working to a business rival.  At common law contracts in restraint of trade are prima facie void to being contrary to public policy.  Conversely such a contract may be enforced it is proved as:

A. The restraint was reasonable to affected party and one is

B. The restraint was not injurious to the public.

C. The restraint was reasonably compulsory to protect the restraining party's attention

 

Posted Date: 1/22/2013 4:26:16 AM | Location : United States







Related Discussions:- Contracts in restraint of trade, Assignment Help, Ask Question on Contracts in restraint of trade, Get Answer, Expert's Help, Contracts in restraint of trade Discussions

Write discussion on Contracts in restraint of trade
Your posts are moderated
Related Questions
Business and Social Agreements Business Agreements Therefore is a rebuttable presumption that parties intended generate a legally enforceable agreement to example in Cr

Silcraze City Council owns and operates a Gym. It charges $20 per month as membership fees. On the Gym Membership Card it is written that the Cardholder has the right to use all th

Avoidance of Floating Charges: Under s.314 liquidation automatically renders void any floating charge created within the period of 12 months before commencement of liquidation

Doctrine of "Constructive Notice":  The doctrine of "constructive notice" is a rule of company law to the effect that a person transacting business with a company is taken to

VOIDABLE ALLOTMENTS: An allotment of shares is voidable if it is made in breach of- a)      Section 49 (1): by having been made before the minimum subscription was raised o

Companys debts: In case a company is unable to pay its debts the creditors, or a creditor, may petition the High Court for an order to wind it up. During the winding up the me

Types of Contract - Law of Contract However common law of US relating to the contract classifies contracts with the following categories as; Specialty Contra

describe what happends when a government agency proposes a rule.Provide recommendations to Crump for submitting responses to the EPA''s proposed rule. explained whether Crump shoul

Identify two firms with similar problems but from different countries. Conduct a comparative analysis of the firms.Analyze political, social, ethical, and legal differences facing

QUESTION1 Compare and contrast the Securities Act with the Insurance Act QUESTION 2 (a) What are the main stages of money laundering? (b) Explain the legal framework