CTP Ltd. and Others v Argus Holdings Ltd. and Another (418/93)
CTP Ltd. and Others v Argus Holdings Ltd. and Another (418/93) [1995] ZASCA 32; 1995 (4) SA 774 (AD); [1995] 2 All SA 398 (A) (29 March 1995)
The Supreme Court of Appeal held that the restraints contained in the 1980 and 1985 agreements were enforceable at the instance of the appellants. The court found that the restraints, although indefinite in duration, were not contrary to public policy because they protected legitimate business interests arising from the joint venture and reciprocal arrangements between the parties. The court rejected the argument that the restraint clauses were void for vagueness, holding that the terms 'local newspaper' and 'regional newspaper' could be interpreted in light of the parties' business practices…
Source excerpt
- Restraint Of Trade
- Enforceability Of Contracts
- Public Policy
- Vagueness In Contracts
- Reciprocal Agreements