1.10 The courts have ruled that it is a reasonable restraint of trade (and therefore permissible) for...

Question:

1.10 The courts have ruled that it is a reasonable restraint of trade (and therefore permissible) for the owner of a business to sell his business and sign a contract with the new owner saying he will not compete with her within a vicinity of, say, 100 miles, for a period of, say, 5 years.

If this is a reasonable restraint of trade, can you give an example of what you would consider an unreasonable restraint of trade? Explain how you decide what is a reasonable restraint of trade and what isn’t.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

Question Posted: