Is Agreement in restraint of trade void? Section 27 of Indian Contract Act 1872
27. Every agreement by which anyone is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void.
Saving of agreement not to carry on business of which goodwill is sold.-Exception 1.-One who sells the goodwill of a business may agree with the buyer to refrain from carrying on a similar business, within specified local limits, so long as the buyer, or any person deriving title to the goodwill from him, carries on a like business therein, provided that such limits appear to the Court reasonable, regard being had to the nature of the business.
CHAPTER III CONTINGENT CONTRACTS
CHAPTER IV THE PERFORMANCE OF CONTRACTS
By whom contracts must be performed