Thursday, November 06, 2008

Practical Problems_Contract Act_89

Ram sells the goodwill of his shop to Shyam for Rs. 4,00,000 and promises not to
carry on such business forever and anywhere in India. Is it valid agreement ? Why ?

1 comment:

Sumit Chandhok said...

Yes it is a valid agreement, as Ram can only carry any other business anywhere in India but not the previous one as it would hamper the interest of Shyam