Indian Partnership Act : AGREEMENTS IN RESTRAINT OF TRADE Indian Bare Acts :

Indian Partnership Act,1932

Act No : 9

Section : AGREEMENTS IN RESTRAINT OF TRADE

SECTION 54: AGREEMENTS IN RESTRAINT OF TRADE
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 Indian Contract Act, 1872 (9 of 1872), such agreement shall be valid if the restrictions imposed are reasonable.