Mugglin, J.
In February 1994, petitioners purchased a restaurant from respondents. The contract contained a restrictive covenant which, inter alia, for a period of five years forbade respondents from involvement in a competing restaurant within a radius of five miles of the restaurant sold to petitioners. The contract also provided that all disputes arising thereunder were to be submitted to arbitration.
When, in March 1995, respondents advised petitioners...
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