agreements are becoming a standard clause in a number of industries and for a variety of position, she said
Just under half-a-dozen states require that judges completely toss noncompete
agreements if any part of it is legally flawed.
While politicians, judges, lawyers, business owners and employees continue to debate whether and under what conditions noncompete
agreements should be used or enforced, other forms of noncompetition agreements generally do not suffer such scrutiny.
Recent changes to the financial reporting of acquisitions and combinations may affect how tax practitioners treat these noncompete
arrangements, with potentially significant ramifications for both owner and purchaser.
Like most states, (1) Florida does recognize the enforcement of noncompete
and nonsolicitation agreements by employers against former employees.
Some courts will routinely enjoin the departing employee from competing with the old employer simply because he or she signed a noncompete
, without worrying much about the employer's legitimate interest.
I recently saw a case where a Mar yland employer had a Georgia employee sign a noncompete
that had a Maryland choice of law provision but did not meet the requirements of Georgia law.
agreement was terminated by the Finn sale agreement.
Even those engaged in franchise contracts frequently find themselves compelled to enter into a noncompete
agreement with their franchisor.
Kellogg and Sabhlok then signed an amendment to the severance agreement that gave Sabhlok six additional weeks of severance and a bonus in exchange for a broad noncompete
clause, but kept all other terms of the original severance agreement in full force and effect.
Before beginning work with IAC, Citrin signed a noncompete
agreement that prohibited him from establishing a business that would compete with IAC in real estate.
clause, for example, could have been used to ensure that the former partner didn't leave with her clients or open a similar practice in such close proximity.