sasikumarksv (n/a) 13 May 2008

Agreement between our raw materials suppliers

Dear seniors, My company is private limited under indian companies act. we are Manufactring the materials and Trding the materials. For that production we got the raw materials from suppliers, that rawmaterials production patterns and specification is ours. so the suppliers are doing only process the materials. Now in our market two more competitiors are entered and approach our supplier to ask the supply of materials. In this position we require to made an agreement with our suppliers for control the supplying materials to our competitors. we execept any one reply in this regards With regards Nagendran

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J K Agrawal (Advocates) 14 May 2008

Dear Mr Nagendran
As per section 27 of the Indian Contract Act 1872, Every agreement by which any one is restrained from exercising a lawful profession , trade or business of any kind is void up to that extant . Further Monopolies and Restrictive Trade Practice Act prohibits any agreement which is imposing Monopoly. But in case the design is furnished by you and that pattern is registered one under copyright act, you may impose restrictions.