T has arranged to exchange his taxi business for a limo service (U’s) in order to move to a new city

/in /by

T has arranged to exchange his taxi business for a limo service (U’s) in order to move to a new city because if T sells his business he will have substantial gain. In order to strike the deal, U insists that T sign a covenant-not-to-compete that U and T value at $25,000.