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Contracts in restraint of trade
The term contract can be defined simply as a written or spoken agreement between two or more parties, intended to be enforced by law. Both parties are free to negotiate and draw the frames of their contracts. However this freedom is not unlimited. In certain circumstances a contract may fall into the "illegal contracts" category and for this reason become unenforceable. Herein arise two questions: Firstly, how far can the negotiators go in determining their obligations in order to have a valid agreement and secondly, can the parties go so far as to restrict their own freedom to negotia…
- Contracts in restraint of trade
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