English & Dodd. Investment Brokers and Advisors 201 Chancery Road, London EC1 1HC.
Dear Mr Blake;
This letter serves as official confirmation that A....
As you know, either party can opt out of our employment agreement provided that a month's notice is given. B.... .
Regarding this contract, I have had my attention strongly drawn to the fact that I have agreed not to undertake any stock trading on behalf on any clients of Biscuit Investments for a period of three months after the termination of my employment, and you may rest assured that I intend to honour this obligation to the letter. However, C.... , and according to my legal advice, an untenable position in law.
Furthermore, I understand from Paul Bascombe that with the departure of myself and Mr English, Mr Barwell has decided to take early retirement, and D.... . Therefore the clause which specifies that I am not to enter a business which directly competes with Biscuit Investments does not apply.
In the light of the unpleasant scene which ensued when news of my intended departure became known, I do not intend to return to the company to clear my desk, and E.....
Since I do not forsee the need for any further personal communication between us, F.... .