If a new ownership company comes in and takes over from an old owner do the non-competes carry with it to the new owner? Are they still valid?
|
Read More Answered By: Lawrence Graves |
This depends upon the structure used for the acquisition. Ordinarily, in an asset purchase, the purchaser would elect to acquire this kind of asset; if a stock purchase, it happens as a matter of law. As a working assumption, the non-competition obligation likely survives, but both the agreement containing the non-competition obligation AND the acquisition agreement whereby the "new owner took over from the old owner" need to be analyzed to get the actual answer to your query.
Best wishes,
LDWG |
Chelmsford, MA
Questions Answered: 1211
Last Question Aswered on: 2012-05-18
Keene, NH
Questions Answered: 792
Last Question Aswered on: 2011-03-27
Londonderry, NH
Questions Answered: 522
Last Question Aswered on: 2012-04-23
Wellesley, MA
Questions Answered: 373
Last Question Aswered on: 2009-08-27
Concord, NH
Questions Answered: 289
Last Question Aswered on: 2012-05-05
Boston, MA
Questions Answered: 69
Last Question Aswered on: 2012-03-13
Raymond, NH
Questions Answered: 32
Last Question Aswered on: 2012-05-24
Woburn, MA
Questions Answered: 28
Last Question Aswered on: 2009-11-12
Derry, NH
Questions Answered: 24
Last Question Aswered on: 2011-04-11
Salem, NH
Questions Answered: 11
Last Question Aswered on: 2001-08-24
► Is there a form I can submit, in NH, legally, to remove my partner from the LLC...
► Non-compete agreement I signed a non-compete agreement with my employer 4 years ago....
► Establishing an LLC Is an LLC established when filling out the paperwork with the...
► Subpoenas How are witnesses subpoenaed in NH?
► Our Employee used our contacts and products to compete with our company Hi, I own a...
► Business Names I'm setting up a web site and need a DBA for it. I have that picked...
► What is considered prostitution or obscene I want to start a business which would...
More Business Law questions and answers in New Hampshire| Bill of Sale | Living Will |
| Contracts | Notices |
| Divorce | Power of Attorney |
| Employment | Quitclaim Deeds |
| Landlord & Tenant | Real Estate |
| Leases & Rentals | Sales and Purchases |
| Letters | Wills |
| Living Trusts | More... |
© WebsiteBroker, Inc.
LawGuru.com | Advertise on LawGuru | Affiliate Program | Privacy | About Us | Press
