Question
Thanos who had been in business for 15 years needed money in a hurry because of a lawsuit against him for negligence. He sold part
Thanos who had been in business for 15 years needed money in a hurry because of a lawsuit against him for negligence. He sold part of his business looking after shoe manufacturing in 'Lami' (a place in Fiji) to the first buyer he could find for $284,000 which included $34,000 in goodwill payment. Weather Shoes (WS), a rival company that bought its business included a clause in the contract that stated: "the vendor shall not commence or purchase a shoe manufacturing business within Fiji for the next 15 years". One year later Thanos is willing to go to court to fight for the right to start another shoe manufacturing business in 'Nasinu' (a place in Fiji).
Explain whether Thanos is likely to succeed against Weather Shoes WS? Use the IRAC method to answer the question.
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