The Cavendish legislation playing cards hide the vast variety of topics to be had at the undergraduate legislation programme,as good as at the CPE/Diploma in legislations direction. every one of the Cavendish legislations playing cards is an entire, pocket-sized consultant to key examinable parts of the legislation syllabus. Their concise textual content, basic format and compact structure make the Cavendish LawCards perfect revision aids for determining, knowing and committing to reminiscence the salient issues of every subject.
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Additional resources for Cavendish: Business Lawcards
The general rule is that such agreements are prima facie void, but they may be valid if it can be shown that they meet the following requirements: (a) the person imposing the restrictions has a legitimate interest to protect; (b) the restriction is reasonable as between the parties; the restriction is not contrary to the public interest. The doctrine of restraint of trade is flexible in its application, and may be applied to new situations when they arise. Bearing this in mind, however, it is usual to classify the branches of the doctrine as follows.
9 Partnership law Definition of partnership Section 1 of the Partnership Act 1890 (PA) states that ‘partnership is the relation which subsists between persons carrying on a business in common with a view to profit’. Simply receiving a payment from profits is not sufficient automatically to make a person a partner in a business concern. Legal status of a partnership A partnership has no separate legal personality apart from its members in the way a joint-stock company does. Partnerships are generally limited to 20 members; however, certain professional partnerships are exempt from this maximum limit.
40 CAVENDISH L AWCARDS BUSINESS L AW 41 Contracts in restraint of trade A contract in restraint of trade is an agreement whereby one party restricts its future freedom to engage in their trade, business, or profession. The general rule is that such agreements are prima facie void, but they may be valid if it can be shown that they meet the following requirements: (a) the person imposing the restrictions has a legitimate interest to protect; (b) the restriction is reasonable as between the parties; the restriction is not contrary to the public interest.