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Steve sold his coffee shop to Bob. As a part of the sales contract, Steve agreed not to open another coffee shop within five miles
Steve sold his coffee shop to Bob. As a part of the sales contract, Steve agreed not to open another coffee shop within five miles of Bob's shop for a period of two years.
If Steve attempts to open another coffee shop three miles away, one year after the sale, will Bob be able to stop him?
- Yes, because the agreement is reasonable as to time and place
- Yes, because the contract lacks consideration and is voidable
- No, because this is an illegal restraint of trade
- No, but he can sue for the tort of interference with contractual relations
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