Legal Question in Business Law in Canada
non-compete
i sold my business of 20 years just over a year ago. the money wasnt great, nowhere near retiring money but business wasnt going too good. basically i had no choice but to sell. they had me sign a 5 year non-competion agreement covering north america. i am 44 years old, my wife is dissabled and cannot work and have three young children. it is very difficult for me to find a job these days. the only thing i know is the business i sold. what are my chances of re-opening the same type of business.
Asked on 9/05/08, 12:18 am
1 Answer from Attorneys
Meldon Ellis
Ellis Business Lawyers
Re: non-compete
This non-compete is likely overly broad to be enforced by a Court in Canada. The court will not prevent you from going out there and earning a living in these circumstances.
Answered on 9/05/08, 6:01 pm
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