just because it’s in the contract does not mean it can actually be enforced - for example, we can sign a contact where you agree that I can kill you, but obviously I would still get locked up regardless of having the contract. In the country I live in what ferrari and tesla are doing would be unconstitutional (I checked) - which, I guess, might be why we don’t have any ferrari dealerships.
As long as the thing you promise to do (or refrain from doing) is something that you would otherwise have the legal right to do, it can be an enforceable contract term.
In this case, the buyer promises to refrain from selling their car in the first year–something they otherwise would have a legal right to do.
A contract for murder, on the other hand, would not be enforceable because there is no legal right to commit murder.
It’s legal if it’s in the sales contract. Usually there is a timeframe.
You should look into Ferrari and their rules. They are even crazier than Tesla for things like this.
just because it’s in the contract does not mean it can actually be enforced - for example, we can sign a contact where you agree that I can kill you, but obviously I would still get locked up regardless of having the contract. In the country I live in what ferrari and tesla are doing would be unconstitutional (I checked) - which, I guess, might be why we don’t have any ferrari dealerships.
Your country put regulations about contract law in their constitution?
Funny, I just watched HumancentiPad yesterday.
As long as the thing you promise to do (or refrain from doing) is something that you would otherwise have the legal right to do, it can be an enforceable contract term.
In this case, the buyer promises to refrain from selling their car in the first year–something they otherwise would have a legal right to do.
A contract for murder, on the other hand, would not be enforceable because there is no legal right to commit murder.