Legal Question in Business Law in Texas

Non Compete agreement in business sale

I bought a company from man ''A'' in January 2007. He bought it from man ''B'' in January 2006. Man ''B'' had signed a 5 year noncompete agreement when he sold it to man ''A''. Now man ''B'' has started a direct competing company. Is that leagl or does the noncompete agreement transfer if the company is sold again and again?


Asked on 3/27/07, 5:44 pm

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Non Compete agreement in business sale

It all depends upon the language of the sales documents; both B to A, and A to you.

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Answered on 3/27/07, 5:56 pm
Johm Smith tom's

Re: Non Compete agreement in business sale

Mr. Bradie is correct, and you may be able to enforce the non-compete agreement. So have an attorney review them asap; the longer you wait the weaker your case becomes.

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Answered on 3/27/07, 6:01 pm


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