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Unilever Limited, a leading multinational company, is a fast moving consumer goods (FMCG) company that operates in different locations all across Pakistan. Initially it produced soaps and margarine produced from oil and fats. Its operations in the country continued to expand further into the food industry and also increased investment in research and development for further growth. Although, It is now one of the world's top companies, but continues to focus its portfolio, and rationalize its businesses to focus on core products and brands.
Unilever sold its oil business to M/s Dalda Foods (Pvt) Limited for Rs 250 million in 2012. Later on both the companies made an agreement of non-competition. According to the agreement, Dalda Foods restricted Unilever to compete with it in oil businesses for the period of five years. Monopoly Control Authority of Pakistan issued a show-cause notice to the Unilever Pakistan Limited and termed this agreement as a violation of monopoly laws but Unilever Pakistan ignored this order and filed an appeal in the High Court.
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and what about second question
dont copy please
plzz discuss about 2nd part of GDB
the contract is a void contract, because for an agreement there must be some consideration, Unilever has sold the business (that was a valid contract because a consideration of 250 million on the part of Unilever and ownership of the business of oil for Dalda was there), but now later on this contract of not competition is void, because, (the consideration here is a hindrance to a lawful business) to give relief to Dalda from healthy competition. as the consideration is illegal, therefore the contract is void.
second part is also under the considration RS250 million doesn't it its one contract?
dalda put restriction on Unilever to not to compete so why Monopoly Control Authority issue a notice to Unilever not dalda?? cant understand that part
what about second question what act is commited?
1st part of agreement is indeed valid as it fulfil as the essentials but second doesnot becasue there is no considration for unilevr to but for dalda there is (non-competing) so what does it mean for whole contract?does it make it void or valid?
Q No.2 ? ACT?
read this then discuss . i am waiting.
both parties made the non compition agrement then why thier is no consideration for uniliver?
kion k es non-competition contact main Unilver nay apni goodwill aur business shares sale kiay hain lakin Pakistan monopoly Authority say prior permission nahin lee jaisa k monopoly act Pakistan main daraj hay.
what about Rs. 250 million?
tu kya whole contract hi void tu jaye ga.
not to compete with his employer directly or indirectly is not in restraint of trade. If it were otherwise, "all agreements for personal service for a fixed period would be void
handout page 63 lecture 12
what about this
simple yeh hay k yeh monopoly act k against hay aur es liay void contract hay.
Question no 2??
ye tu sari discussion q no 1 pe hai