https://www.taxtmi.com/caselaws?id=461128 A contract with a restricted termination clause limited termination to three consecutive defaults in license fee payment; because no such default was shown and the termination notice did not rely on that ground, interim protection was justified. The agreement was treated as containing a negative covenant and, for that reason, was not determinable in a way that barred injunctive relief under the Specific Relief Act, 1963. The respondent's investment and business goodwill also supported the view that damages would not be an adequate remedy, so the equitable injunction preserving the status quo was upheld and no interference was warranted. en-us Tue, 20 Mar 2018 00:00:00 +0530 Sat, 15 Mar 2025 20:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461128 A contract with a restricted termination clause limited termination to three consecutive defaults in license fee payment; because no such default was shown and the termination notice did not rely on that ground, interim protection was justified. The agreement was treated as containing a negative covenant and, for that reason, was not determinable in a way that barred injunctive relief under the Specific Relief Act, 1963. The respondent's investment and business goodwill also supported the view that damages would not be an adequate remedy, so the equitable injunction preserving the status quo was upheld and no interference was warranted. Case-Laws Indian Laws Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461128