Non-Compete Agreement Issues to Consider When Buying a Business

Ten Non-Compete Issues to Consider When Buying a Business

It is sometimes important to have the seller of the business sign a Non-Competition Agreement with the buyer of the business. These are sometimes referred to as "covenants not to compete." They are used to avoid the situation wherein the seller opens a competing business down the street or across town (or in the case of an Internet-related business, possibly anywhere in the world). A Non-Competition Agreement is typically a separate agreement, but its form is attached to and referenced within the Purchase Agreement. 

This article provides 10 issues that need to be consider when structuring a non-compete agreement.

 

Ten Non-Compete Issues to Consider When Buying a Business | Fisher & Phillips LLP - JDSupra

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