Restraint of Trade Archives

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.

“An Agreement in Restraint of Trade is Void” – Examine This Statement with Exceptions Introduction The Indian Contract Act, 1872 emphasizes the freedom of trade and profession. To protect this freedom, the Act declares any agreement that restrains a person from carrying on lawful trade or profession as void. This ensures that every individual has […]

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any. Read More »

“An agreement in restraint of trade is void”. Examine this statement mentioning exceptions, if any.

Introduction The freedom to practice any profession, or to carry on any trade or business, is a constitutional right under Article 19(1)(g) of the Indian Constitution. In line with this, Section 27 of the Indian Contract Act, 1872 declares that agreements in restraint of trade are void. However, there are certain exceptions where such restraints