Non-Competition by Transferor Company Article 21 Unless the parties otherwise manifest their intention, a Company which transferred its business (hereinafter in this Chapter referred to as "Transferor Company") may not carry out the same line of business within the area of the same city, town or village (including special wards, and ward or administratively consolidated ward of the cities designated under Article 252-19 paragraph (1) of the Local Autonomy Act (Act No. 67 of 1947); hereinafter the same applies in this paragraph), or within the area of any of its neighboring cities, towns or villages for twenty years from the day of the transfer of the business.
In cases where the Transferor Company agreed to a special provision to the effect that it will not carry out the same line of the business, the effectiveness of the special provision is limited to the period of thirty years from the day of the transfer of the business.
前二項の規定にかかわらず、譲渡会社は、不正の競争の目的をもって同一の事業を行ってはならない。
Notwithstanding the provisions of the preceding two paragraphs, the Transferor Company may not carry out the same line of business with the purpose of unfair competition.
