tag:blogger.com,1999:blog-3202774368551476669.post6733675191286237353..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Confidentiality = Non-compete?Umakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3202774368551476669.post-36183510877694729592010-12-16T11:31:31.963+05:302010-12-16T11:31:31.963+05:30Agreements that restrain an employee from working ...Agreements that restrain an employee from working with a competitor or carrying out a competing business are called Non-compete agreements. Such agreements, when reasonable are considered to be valid in countries such as USA and UK. However, under the Indian law Non-compete agreements are valid to a very limited extent because agreements in restraint of trade or employment are void under Section 27 of the Indian Contract Act. The section reads as follows:<br /><br />"27. Agreement in restraint of trade void .– Every agreement by which any one is restrained from exercising a lawful profession, trade or .... to read on, log onto www.sinapseblog.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-66517003649514449572010-12-16T11:30:28.036+05:302010-12-16T11:30:28.036+05:30Agreements that restrain an employee from working ...Agreements that restrain an employee from working with a competitor or carrying out a competing business are called Non-compete agreements. Such agreements, when reasonable are considered to be valid in countries such as USA and UK. However, under the Indian law <br />Validity of non compete covenant in india.<br />Non-compete agreements are valid to a very limited extent because agreements in restraint of trade or employment are void under Section 27 of the Indian Contract Act. The section reads as follows:<br /><br />"27. Agreement in restraint of trade void .– Every agreement by which any one is restrained from exercising a lawful profession, trade orAnonymousnoreply@blogger.com