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 contractlegal 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 ...
...contracts. It leaves less room for disagreement and argument about the provisions to which the contracting parties agreed. Your goal when drafting a contract...
... performance to the beneficiary by the other contracting party as ... agreement in principle," but not a contract (see also Interpretation of Contracts below). ...
... 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 ...
... rule applies only to merchants contracting with each ... No contract would, thus, exist unless the offeror ... 2. Are contracts and Warranties used interchangeable in ...
... 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 ...
... write complete contracts, all systems of contract law must ... and in this regard freedom of contract can never ... are bounded by the costs of contracting around them ...
... 6)Contracts with Government Employees or Organizations Owned or Controlled by Them -"a contracting officer shall not knowingly award a contract to a Government ...
... This is beneficial because it allows the contracts to be very readable, as opposed to a company drafting the employment contract that lacks experience in ...
... However, contracts are also commonly made now between strangers ... at all, let alone a preparatory contract providing for subsequent electronic contracting. ...
... of Hydrosub to analyze all the time limitations of the contracted project. The allocated person holds the liability of the performance of any contract. ...
