what name of business clause is this

Question

Mar 5, 2007, 05:04 PM

kaylaplamondon

New Member

Join Date: Mar 2007

Posts: 2

what name of business clause is this

what is the name of a clause that you agree to when you sell a practice to another and you are unable to do this practice again in the same province for 7 years? What are the rules of this particular clause?

Answers

Mar 5, 2007, 05:14 PM	#2

excon Expert Join Date: Aug 2005 Location: On the outside Posts: 8,424	Hello kay: In the US, we call it a non compete agreement. However here, a 7 year prohibition would be found to be restraint of trade, and wouldn't be upheld. You can set your own conditions as long as they're fair. I would guess the law is the same in your province. excon

Mar 5, 2007, 05:30 PM	#3

Fr_Chuck Christianity Expert Join Date: Nov 2005 Location: Atlanta GA Posts: 24,901	I wlll agree, here it is a non-compete agreement. but often at least in the US most agreements get over turned on various reason when taken to court. If and when doing one, ( from either side buyer or seller) you should each discuss this in detail with an attorney to see what the court rulings in our area have been.

Answer this Question Ask about Other Law

« Previous Question | Next Question »

Question Tools	Search this Question
Show Printable Version Email this Page	Search this Question: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Questions
Question	Asker	Topic	Answers	Last Post
no compete clause	sharon7281	Other Law	4	Oct 16, 2007 01:06 PM
History of Santa Clause	chuff	Holidays & Observances	3	Apr 15, 2007 03:08 PM
Granfather Clause	musicqueen	History	3	Dec 17, 2006 01:26 PM
Break Lease Clause	PTaubman	Real Estate Law	7	Nov 27, 2006 01:55 PM
'FROM clause error' in VB	Session	Internet & the Web	0	Jun 25, 2003 06:52 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!