A Restraint of Trade Contract Will Be Void If

question 21

Multiple Choice

A restraint of trade contract will be void if:

• A) The time for which the restraint is to apply is too long.
• B) The geographical extent of the restraint is too wide.
• C) The restraint does not apply to a proprietary interest of the person applying the restraint.
• D) Any of the above.

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Definitions:

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, serving as a guide for its strategies and actions.

Specific Products

Items or goods that have distinct features and benefits, targeting a particular customer need or market segment.

Customer Needs

The desires or requirements that consumers have, which they seek to fulfil through purchasing goods or services.

Market Share Analysis

An evaluation technique used to determine a company's portion of sales within a particular market or industry compared to its competitors, influencing strategic planning and competitiveness.