Contract Between Equals Enforceable, Rules Court
25th June, 2014
When a financial adviser quit his job and set up his own business with another adviser, the company he left sought damages for breach of contract.
He had previously sold the goodwill in his client base to his employer and that agreement contained a ‘non-compete’ clause which lasted for 12 months from the date he left the firm.
The financial adviser claimed that the clause was unreasonable and thus void.
The High Court had to decide whether the non-compete clause was reasonable and concluded that, since the two parties were negotiating with equal bargaining power and it did no more than was reasonable to protect the purchaser’s position, it was enforceable.
For information or advice on structuring a contract to protect your commercial interests, please contact Stuart Scott-Goldstone on 0844 800 8346 or email [email protected].
You might also be interested in...
Female driver harassed before and during employment awarded £74,000
23rd January, 2020
In the recent case of Kim Beaney v Highways England and others, Miss Beaney (the “Claimant”) was awarded... Read More »
Protecting art and culture in Cheshire – the Acceptance in Lieu Scheme
22nd January, 2020
The Acceptance in Lieu Scheme aims to allow tax efficient gifts of works of art to the nation.... Read More »
Samira Ahmed wins equal pay claim against BBC.
21st January, 2020
Samira Ahmed has successfully argued that her pay of £440 per episode for presenting Newswatch should have been... Read More »