A enters into an agreement with B that he will not carry on the business of medicine within his entire area mentioned. Is the agreement enforceable against B ?
Answers
Answer:
The article basically deals with the exceptions to the agreement in restraint of trade ... to restrict his liberty in the present or the future to carry on a specified trade or ... In India it will be valid if it falls within any of the statutory, or judicially created ... of Section 27, the whole object being to regulate business and not to restrain it.
Concept:
An agreement is a promise to do something or abstain from doing something between two parties. An agreement becomes a contract which is enforceable under law.
Given:
A enters into an agreement with B that he will not carry on the business of medicine within the area mentioned.
To Find:
Whether the agreement between A and B is enforceable?
Solution:
An agreement is not enforceable under law, only a contract is enforceable.
The agreement between A and B is a mere promise and the contract has not been formed. Therefore, it is not enforceable.
Hence, the agreement against B is not enforceable.
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