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Are you sure they have been answering the question, I'm pretty sure that generally there has been a voicing of opinions instead,,,,,,,,,,,,You actually asked two questions, one being "can they legally stop you from setting up on your own?" This is the question everyone has been answering. Clearly no one has been in the same situation or your second question would also have been answered.
I missed this first time round, the law reads like this but with the odd exception, I have a family friend who is a lawyer and they are going to have a look at it but there general feeling is the contract has been made to restrictive there fore will not hold upOnce you stop working for the company your contract is terminated ie. it no longer exists. It's therefore impossible to tie you to and you are free to work wherever you like. The clause in the contract is there as a scare tactic. That's why top bosses get huge payoffs which incorporate a period of salary (6 months say). This means the contract is still valid for that period so they can't work.