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 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

4 pages long.