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
Restatement of the fundamental rule: In Bray v Ford Lord Herschell stated that the aforesaid rule is not "founded upon principles of morality" but is based on the consideratio

What are the organisations made up by United Nations? The United Nations was set up to make international public law after the Second World War. This is represented by nearly e

Illustrate the Economic and Social Council of United Nations. UN Economic and Social Council: The Economic and Social Council (ECOSOC) functions as the central forum for

Business Names:                             If a company has a place of business in Kenya and carries on business under a business name which does not consist of its corporate

One of the critical tasks we have as empirical political scientists is to assess the validity of the comments people around us make about the socio-political world. For this assign

Liability of Incoming Partners and Death of a Partner Liability of Incoming Partners However Unless a new partner makes a individual agreement to the effect such he wil

RULE IN FOSS v HARBOTTLE:  What has come to be recognized in company law as "the rule in Foss v Harbottle" is the decision of Vice-Chancellor Wigram in the case of Foss v Harb

Contents and Form of Accounts - Accounts and audit: By s.149(1), every balance sheet shall give a true and fair view of the state of affairs of the company as at the end of it

Which was the first global treaty The IAEA was the first global treaty regulating and facilitating the trade of nuclear technology through its provisions. Within the framework

Q. Evaluate nature of phoenix activity? The literature on phoenix activity and the stakeholders consulted in this project emphasised that phoenix activity has evolved significa