by Staff of the Firm | Jul 21, 2016 | Business Management, California Law Update, New York Law Update, Texas Law Update, Uncategorized
Texas. In Texas, as in many other states, a covenant not to compete is enforceable if: (i) it is ancillary to or part of an otherwise enforceable agreement at the time the agreement is made; (ii) it is reasonable as to time, geographic area, and scope of activity to...
by Staff of the Firm | Jul 14, 2016 | Business Management, California Law Update, New York Law Update, Texas Law Update, Uncategorized
New York: Sale of Business and Good Will Beyond the Label. In New York, non-competes used to be strongly disfavored by courts.[1] Over time, however, courts came to recognize that there are situations in which it was not only desirable but essential to enforce...
by Staff of the Firm | Jul 5, 2016 | Business Management, California Law Update, New York Law Update, Texas Law Update, Uncategorized
Florida: Reasonableness Matters. In Florida, restrictive covenants are not prohibited, so long as they are reasonable in time, area, and line of business.[1] In the context of the sale of a business or professional practice, Florida courts generally presume...
by Staff of the Firm | Jun 28, 2016 | Business Management, California Law Update, New York Law Update, Texas Law Update, Uncategorized
California: It All Comes Down to Goodwill. Generally speaking, non-competes are void under California law.[1] Exceptions do exist. In the context of the sale of goodwill in a business, for example, the seller may agree not to compete with the buyer so long as the...
by Staff of the Firm | Jun 16, 2016 | Business Management, California Law Update, New York Law Update, Texas Law Update, Uncategorized
If your business employs skilled workers, or you have been one, you may be familiar with non-compete agreement, also known as covenant not to compete. For those who are less familiar with the subject, it is a contractual provision under which one party agrees not to...
