TERMIUM Plus®

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ATTEINTE LIBERTE COMMERCE [1 record]

Record 1 2004-09-24

English

Subject field(s)
  • Trade
  • Commercial Law
CONT

All contracts restraining trade are illegal unless approved by the courts and found to be reasonable or against the public interest. It can be found for example in an employer-employee relationship where as a condition of employment the employee agrees not to set up in competition with his employer for some time in the future. This could be enforced if it is necessary to protect any knowledge gained in the service of the employer, but it is not intended to reduce or eliminate normal competitive business. It may also occur when the seller of a business agrees not to set up in competition with the buyer of the business. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

Key term(s)
  • trade restraint

French

Domaine(s)
  • Commerce
  • Droit commercial
Key term(s)
  • restriction de commerce

Spanish

Campo(s) temático(s)
  • Comercio
  • Derecho mercantil
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