Chapter VI
DISSOLUTION OF A FIRM
Agreements in restraint of trade
54. Partners may, upon or in anticipation of the dissolution of the firm, make an agreement that some or all of them will not carry on a business similar to that of the firm within a specified period or within specified local limits; and notwithstanding anything contained in section 27 of the
Contract Act, 1872, such agreement shall be valid if the restrictions imposed are reasonable.
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Ministry of Law, Justice and Parliamentary Affairs
