Where a stipulation in restraint of trade is part of the sale of a business, it may be valid if the restraint is within reasonable limitations to protect the business's goodwill.

Stipulation

A specific requirement or condition explicitly stated as part of an agreement or legal decision.

Restraint Of Trade

Any activity or agreement that restricts competition or interferes with the ability to conduct business freely.

Goodwill

The intangible asset representing the value of a business's reputation, customer relations, and brand identity that contributes to its profitability.