7.07.040 Provisions in Restraint of Trade, Business or Profession; Sales of Good Will; Partnership Restraint; Employer's Contracts

Every contract restraining exercise of a lawful profession, trade or business is void to that extent except:

(a) One who sells the good will of a business may agree with the buyer to refrain from carrying on a similar business within a specified reservation, or part thereof, so long as the buyer or person deriving title to the good will from him carries on a like business therein;

(b) Partners may, upon or in anticipation of a dissolution of the partnership, agree that none of them will carry on a similar business within the same reservation, or part thereof, where the partnership business had been transacted;

(c) Any employee may agree with an employer at the time of employment or at any time during such employment not to engage directly or indirectly in the same business or profession as that of his employer for any period not exceeding five (5) years from the date of such agreement or within the boundaries of the same reservation.