Legal Question in Business Law in Washington
Noncompete from source company to spinoff binding?
Hi,
I signed a noncompete agreement with my original employer 5 years ago. This company was then split into 2 different ones with me going with the new one. This company (an LLC) is under completely different ownership than the original company is now. I was never asked to sign a new noncompete with the new company. Is the noncompete from the original company binding with the new one?
Thank you.
Asked on 8/23/02, 2:38 pm
1 Answer from Attorneys
Tom Turnbull
tomturnbull.com
Re: Noncompete from source company to spinoff binding?
Probably...would depend on how the corporate restructure was accomplished and possible restrictions against assignability in your non-compete.
Answered on 8/23/02, 3:10 pm
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