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54.
Agreements in restraint of trade.-
Partners may, upon or in anticipation of the
dissolution of the firm, make an agreement that
some or all of them will not carry on a business
similar to that of the firm within a specified
period or within specified local limits and
notwithstanding anything contained in section
27, of the Indian Contract Act, 1872, such agreement
shall be valid if the restrictions imposed are
reasonable.
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