Question
Julio has a business repairing bicycles and he operates from his garage at home. He is geng so much business he decides to rent a
Julio has a business repairing bicycles and he operates from his garage at home. He is geng so much business he decides to rent a small workshop in North Hobart. He signs a six-month lease with Sasha with rent due on the 10th of each month at $800 a month. Aer two months, Julio is approached by Henry who owns a bike shop two blocks away called Henrys Bikes. Henry sells all types of bicycles and his shop is the most popular shop in Hobart. Henry has heard reports from his customers how great Julio is at repairs and maintenance and he invites Julio to think about joining him in his business and working out of Henrys premises. Henry would like to offer a full service to his customers, so they buy from him and then come back for repairs etc. Part A Julio is not sure what to do and asks you to provide writen advice on these issues:
1. What are his obligaons under his lease with Sasha?
2. Julio is concerned that if he does not join Henry at his bike shop that he might be subject to a restraint of trade acon as he had opened his present repair business within two blocks of an exisng similar business. What does this mean term restraint of trade mean and is it an issue he needs to be concerned about?
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