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Section 27 of the Indian Contract Act A Trade Restriction

INTRODUCTION: The common law principle against trade restrictions was enshrined to curb monopolies and the stifling of competition in Section 27 of the Indian Contract Act, 1872 (“ICA”). Section 27 of the ICA provides as follows: “Every agreement by which anyone is restrained from exercising a lawful profession, trade, or business of any kind, is...

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