Agreement in restraint of trade void

Agreement in restraint of trade void.—Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any land is to that extent void. Exception 1.-Saving of agreement not to carry on business of which goodwill is. –One who sells the good-will of a business may agree with the buyer to refrain from carrying on a similar business, within specified local limits, so long as the buyer, or any person deriving title to the good-will from hud, carries on a like business therein: