York v. Ambrose

York and Ambrose were • partners doing a Sporting Goods business under the name of York-Ambrose Arms Company, 162 S. Main Street, Memphis. August 8, 1925, Ambrose sold to York his half interest in the business, the terms of sale being set forth in a written contract. The transfer carried York’s interest in the business, the good will, and the trade name. The contract contained a provision as follows:

“I, J. T. Ambrose, covenant with Chas. V. York, that I will not directly, indirectly, solely or jointly as principal, agent, manager or otherwise, be concerned or interested in the same character…