Clay v. Richardson

On the 8th day of May, 1925, appellant W. T. Clay and one B. T. Sanders owned and operated a picture show in the town of Olney, and on that day sold the same to appellee, John Richardson, for a consideration of $10.500. The several proper ties delivered witli tlie show were of value not exceeding $5,000. The "bill of sale covering the physical properties was executed and delivered to the purchaser, and contained the following clause:

“We further agree, in consideration of the premises, that we, nor either of us, will again enter into or engage in the theater or moving picture business in…