Cap. 13 · Commercial Code (Cap. 13)
Cap. 13 Art. 78GRestraint of trade clauses.
Sub-title IV
(1) A restraint of trade clause shall be valid only if and to the extent that -
(a) it is concluded in writing; and
(b) it relates to the geographical area or the group of customers and the geographical area entrusted to the commercial agent and to the kind of goods covered by his agency under the contract.
(2) A restraint of trade clause shall be valid for not more than two years after termination of the agency contract.
(3) Nothing in this article shall affect any enactment or rule of law which imposes other restrictions on the validity or enforceability of restraint of trade clauses or which enables a court to reduce the obligations on the parties resulting from such clauses.
Änderungsgeschichte
- Amended by IX.2003.3