Question
II. Greg was the owner and chef of a well-known restaurant in Manhattan, named Greg's Place. On March 1, Greg sold the restaurant to Peter
II.Greg was the owner and chef of a well-known restaurant in Manhattan, named "Greg's Place". On March 1, Greg sold the restaurant to Peter for $100,000.The written and signed contract of sale stated that Peter would continue to operate the
restaurant under the name "Greg's Place". The contract further said that Greg would not open a competing restaurant 1) within the borough of Manhattan for three years, and 2) anywhere within the state of New York for two years. On June 1, Peter learned that Greg had opened two new restaurants. One, a few blocks from "Greg's Place" and the other, in Lake Placid, New York, which is 300 miles from Manhattan. What rights, if any, does Peter have against Greg?Separately discuss his rights regarding the Manhattan restaurant and the Lake Placid restaurant.Explain fully.
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