Legal Question in Business Law in Virginia

Our LLC signed a non-compete with another entity with a 2-year clause. We have since dis-banded that LLC and formed a new LLC for several reasons, but essentially in the same type of business. Is our non-compete contract null and void since the original LLC is no longer in business?

Asked on 4/08/13, 5:40 am

1 Answer from Attorneys

Daniel Press Chung & Press, P.C.
0 users found helpful
0 attorneys agreed

It's going to depend on the terms of the non-compete, whether it binds you or just the entity, and whether the facts are such that the new entity would be considered legally or equitably the successor of the old entity. You need to carefully go over all of the facts and circumstances with a lawyer with experience in this area.

Read more
4/08/13, 5:46 am

Related Questions & Answers

More Business Law questions and answers in Virginia

Looking for something else?

Get Free Legal Advice

8805 active attorneys ready to answer your legal questions today.

Business Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony RoachLaw Office of Anthony A. RoachChatsworth, CA
Terry A. NelsonNelson & LawlessRiverside, San Bernardino & La, CA
Glen AshmanAshman Law OfficeAtlanta, GA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now