Competition Act 1998: Primary UK legislation governing competition law, crucial for ensuring non-compete provisions do not constitute anti-competitive behavior
Enterprise Act 2002: UK legislation providing framework for merger control and market investigations, relevant for asset purchases and associated restrictions
Article 101 TFEU: European Union legislation providing interpretative guidance on anti-competitive agreements, remains relevant post-Brexit for interpretation
Restraint of Trade Doctrine: Common law principle establishing that restrictive covenants are void unless they protect legitimate business interests and are reasonable
Nordenfelt v Maxim Nordenfelt Test: Leading case law establishing reasonableness test for restrictive covenants in terms of duration, geographic scope, and scope of activities
Contracts (Rights of Third Parties) Act 1999: Legislation governing third party rights in contracts, relevant for enforcement of non-compete provisions against related parties
Sale of Goods Act 1979: Legislation governing the sale of tangible assets, crucial for asset transfer provisions in the agreement
TUPE Regulations 2006: Regulations protecting employees' rights during business transfers, may be relevant if employees are connected to transferred assets
Value Added Tax Act 1994: Tax legislation relevant for VAT implications of asset transfers and associated non-compete provisions
Legitimate Business Interests Principle: Legal requirement that non-compete restrictions must protect legitimate business interests such as goodwill, trade secrets, and customer relationships
Reasonableness Requirements: Legal principle requiring that restrictions must be reasonable in duration, geographic scope, and scope of restricted activities
Consideration Doctrine: Common law principle requiring that non-compete restrictions must be supported by adequate consideration to be enforceable
