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
Explain Self determination Self determination is actually the foundation of United Nations (UN) Charter. It is defined as a right of people to determine and to choose their ow

Requisites in Form - Negotiable Instruments  To satisfy to the statutory definition the document alleged such to be a bill of exchange must be: like  (a) Unconditional. Example

QUESTION (a) Under the UTM Regulations, an unsatisfied student can entertain an academic appeal within 10 days from the date he gets his result. X gets his result on the 3rd of

Impose a duty on directors: A company is, however, free to impose a duty on its directors to attend board meetings within a certain period of time and to prescribe the consequ

Jurisdiction - Court of Appeal However S.64 (1) of the Constitution gives that the Court of Appeal 'shall have such jurisdiction and the powers in relative to appeals from t

Define the term- international implications of enforcement Agencies cooperate over time, they converge towards common principles that might then serve as the foundation for the

Question 1: Taking the case of Mauritius, in the machinery of government, the Procurement Policy Officer is the central organ of the Government that regulates the procurement

State Article 9 of air and outer space law Article 9 states that each contracting State may, for reasons of military necessity or public safety, restrict or prohibit uniformly

"The liability of third party neutrals has been a topic of concern ever since the formalisation of dispute resolution in Australia.  Although there are no known cases in Australia

Determine the policy process point of view Viewing from the policy process point of view, we find that while voting for legislature, the rational candidates and voters have inf