Jan opens a sandwich shop across the street from a sandwich shop run by Amy. Amy is disturbed by this competition and agrees to pay Jan $5000 in exchange for Jan's promise to quit her business and not to engage in a similar business within a ten-mile radius of Amy's business. Is this contract legal and enforceable? Why or why not? If the agreement is not enforceable, how might Jan and Amy restructure it to increase its chances of being legal?
This is a bilateral contract akin to a non-compete agreement. It is most likely enforceable because the geographic distance within it is so small. However, this depends on the area as a ten mile distance in a big city is nothing but in a rural area where there is only one ...
... Possession of a property and the termination of such contracts is handled through both real estate laws and local ordinances. 3. Is this contract fair? ...
... One can be qualified in all other respects, for example, but by law be too young to make contracts. Insanity is another form of incapacity to contract. ...
... a normal incident of a particular kind of employment relation, or (c) as a normal incident of a class of contracts into which the contract of employment falls. ...
... in whose favor the obligations which result from it are contracted. ... common law which answers to that of quasi-contract; many quasi-contracts may doubtless ...
... An express contract is a contract where all terms and conditions of the contract are explicitly stated in the contract. Most contracts that we are familiar ...
... the errors of an independent intermediary prevent contract formation, contracting parties would ... UCC Article 4A; Restatement (Second) of Contracts ' 64 ...
... process and maintain paper contracts quickly and ... Also, most universities use electronic contracting, as well ... Electronically signing a contract is also reported ...
... However, contracts are also commonly made now between strangers ... at all, let alone a preparatory contract providing for subsequent electronic contracting. ...
... Therefore, the Non-municipal contracts. ... This postulate operates regardless of whether the contract in question. ... of any private party who has contracted with a ...
