Restraint of Trade for the Sale of Business is a clause in a contract that restricts a person’s right to carry on their trade or profession.
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Restraint of Trade Agreement
Deed 1
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 restraint of trade agreement is to be used in a sale of business. Restrains the vendor and key people.
Includes clauses covering:
- Restraint of trade
- Restraint
- Damage to Business
- Restraint reasonable
- Interpretation
- General provisions
- Counterparts
- Further assurance
- Governing law and jurisdiction
- Notices
- Service of notices
- Severability
- Variation
- Waiver
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Australian Law
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