BSLW1021 Lecture Notes - Lecture 20: Non-Compete Clause, Parol Evidence Rule, Oral Contract
Document Summary
Chapter seventeen: statute of frauds and the parol evidence rule. Non-compete clauses: contract could be considered void if the terms of the arbitration are shocking to the conscience, non-compete clauses are valid if they are reasonable in time, geographic scope, consideration etc. If unreasonable in any way then it is void no non-compete clause and employee can work wherever they want. Blue pencil rule make the non-compete clause more reasonable: has to be part of another contract, cannot have a non-compete agreement standing alone. Restraining trade don"t want people to be told what to do. Want competition and to be able to compete as individuals we need to be able to compete in the workplace: ex. Man goes from working for air jordan to nike. How much information does he have that could harm the company. Does he have the critical information to restrain him.
