Q. When goodwill of the firm, the selling partners may agree with the buyer that they will not carry on similar business, within a specified period or within specified local limits. Such agreement in restraint of trade shall be : (Solved)

1. Valid, if the restrictions imposed are reasonable

2. Valid (whether restrictions are reasonable or not)

3. Void

4. Voidable

  • a. Valid, if the restrictions imposed are reasonable
Subscribe Now

Get All Updates & News