In the Indian context an agreement in restraint of trade is valid if it relates to
A seller of goodwill may agree with the buyer not to conduct a similar business within specified local limits while the buyer or successor carries on that business. Section…
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In the Indian context an agreement in restraint of trade is valid if it relates to
Answer and explanation
Correct answer A
A seller of goodwill may agree with the buyer not to conduct a similar business within specified local limits while the buyer or successor carries on that business. Section 27 requires those limits to be reasonable in light of the business. Mere mutual adjustment or business contingency does not itself create this exception.
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