Section 27. Agreement in restraint of trade, void.

 Section 27.   Agreement in restraint of trade, void.

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Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void.

Exception 1.Saving of agreement not to carry on the business of which goodwill is sold. One who sells the good-will 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 good-will 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.

1 * * * * *.

1. Exceptions 2 and 3 rep. by Act 9 of 1932, s. 73 and the Second Schedule.

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