What Does Agreement In Restraint Of Trade Mean

“it must (a) be disparable in commerce or industry, be useful; is not known to the public or is not held by the public; (b) they may be known only to a limited number of persons or to a closed circle and (c) to have economic value for the person they seek to protect.┬áCertain conditions make a restriction on trade valid at the time of a sale of goodwill, namely: this was followed in Broad v Jolyffe[5] and Mitchel v Reynolds[6], where Lord Macclesfield asked: “What does it mean for a trader in London what another does in Newcastle? In these times of such slow communication and trade across the country, it seemed obvious that a general restriction served no legitimate purpose for the company and should be null and void. .

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