Void Agreement In Contract Act
In order to avoid competition, the applicant purchased the defendant`s transaction with its goodwill and concluded a contract under which the defendant was not allowed to do business in the same place. However, there was an infringement on the part of the defendant. In court, the Tribunal ruled in favour of the applicant, as the agreement was valid under Article 27. Exception 1: This section makes a contract where by which two or more persons agree that disputes that may arise between them with respect to a subject or class of subjects are subject to arbitration proceedings and that only the amount awarded in such arbitration proceedings is recoverable with respect to what is known as the dispute. . . .