Question:Is a contract formed under the scenario of exclusive rights to a product restricting trade with other parties as a vendor is a valid or a void contract under the agreement in restraint of trade??
Kindly post and let me know.Thanks
himanshu 09 January 2015
Question:Is a contract formed under the scenario of exclusive rights to a product restricting trade with other parties as a vendor is a valid or a void contract under the agreement in restraint of trade??
Kindly post and let me know.Thanks
prateekjain 09 January 2015
himanshu 10 January 2015
Thanks a lot very helpful
T. Kalaiselvan, Advocate (Advocate) 14 January 2015
It again depends on the agreed terms and conditions of the contract. The clauses for restriction may apply to a valid contract.
Your query lacks basic facts and background of the problem, if there is any.
However, products are not made to remain untraded. So, your question seems to be flawed & defective, if you think "exclusive rights to a product restricting trade with other parties as a vendor." A contractor can supply a product after purchase from the authorised distributor or retailer. So, the question of a contract being void cannot arise.