A restraint of trade agreement is a common clause in sale of business agreements. The clause will protect the purchaser of the business by preventing the vendor (or business seller) from opening a competing business nearby.This agreement is to be used in a sale of business. Restrains the vendor and key people.
The Sale of Business Practice Manual NSW has been updated with a new precedent. The Practice Manual now contains a Contract for the Sale of an Online Business. It is based on a foreign company buying an Australian based online business.
Special Conditions Contract for Sale of Business in New South Wales is done with the Contract for Business