Page 67 - PRINCIPLE OF LAW- FINAL (eISBN) pdf

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✓ Clause 28 (Restrain of trade): Restraint of trade in

England and the UK was and is defined as a legal contract

between a buyer and a seller of a business, or between an

employer and employee, that prevents the seller or

employee from engaging in a similar business within a

specified geographical area and within a specified period

✓ Clause 29 (restrain of legal proceeding): An

agreement by which a party is restrained absolutely from

taking usual legal proceeding, in respect of any rights

arising from a contract.

c. Agreement those are fraudulent

✓ An agreement whose consideration or object is

fraudulent is unlawful

✓ Emphasis on fraudulent object or consideration

✓ Example: An agreement for the division of gains acquired

or to be acquired or relationship between principle and

agent.

d. Agreement that involves injury to the person or

property of another

✓ The object of an agreement involves or implies:

i. Injury (physical/mental) to another person.

ii. Damage to other properties.

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