Restraint of trade undertaking.
Sample
"A. The Vendor has for some time past carried on in Victoria the business of ### and other activities ancillary or incidental (called "the Businesses)").
B. The Vendor carries on the Business under the Business Name, inter alia, " ### " at or from the premises situate at and known as ###, in the said State (called "the Business Premises").
C. By an Agreement dated ### the Vendor sold the Business and the assets of the Business to the Purchaser (called "the Agreement").
D. The Vendor and the Covenantors have agreed pursuant to Clause 13 of the Agreement to provide the restraint upon these terms and conditions.
NOW THEREFORE THIS DEED WITNESSES as follows:-
1. In consideration for payment of the sum of $XXX, the Vendor and the Covenantors JOINTLY AND SEVERALLY COVENANT AND AGREE with the Purchaser that they and each of them must not without the prior written consent of the Purchaser first having been obtained, for ..."
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Restraint of trade undertaking
