Common Contracts
1 similar Restraint of Trade Agreement contracts
What is restraint of trade in an employment agreement written by King Stubb & Kasiva | January 24, 2024Restraint of Trade Agreement • February 6th, 2024
Agreements in restraint of Trade, as the term suggests, refer to those agreements wherein one-party consents to restrict or refrain himself/herself from carrying on a particular trade, employment or profession in collaboration with a third party or individually without the express consent or permission from the first party in exchange of a consideration. According to Section 27 of the Indian Contract Act, 1872, every agreement whereby one party is restricted from carrying out a lawful trade, profession, or business of any kind is void to that particular extent.
