A employer of JOE wants him to sign a new contract with all the same terms, but with a restrictive covenant.He tells you that he is being asked to sign the contract now as his employer told him it's needed for the HR audit. He feels he has no choice.Should he?Will the restrictive covenant be valid? Why or why not?

I, Joe Smith, will not work for any financial institution in the City of Toronto for a period of 2 years, following my departure from The Better Bank Company.

(Hiring and the Common Law)