Legal Sanctity and Precautions to be taken while Executing a Non-Compete Agreement: Lawyers Advice
A non-compete agreement is known in Contract Law as the agreement between two parties where one party is the employer and the other party is the employee. Through this non-compete agreement, the employee gives his acceptance to the employer on the restriction set by them that during the course of the employment or even when the employee leaves job under the employer, he will not attempt to be a competitor in the form and nature of trade pursued by the employer. Law Governing Non-Compete AgreementsSection 27 of the Indian Contract Act, 1872 declares agreements restraining trade to be void. However, the...
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