About non-compete agreement
I signed non-compete agreement with company A for a business. Company A sold its business to company B recently for the business. And I got laid-off from company A. I have set up my own company to continue the same business as I did in company A. Obviously, I am competing company B from business stand point.
The compant A has licensed all of technology and intellectual property to company B though the business is sold to company B. I would like to know if I can continue my business.
Answers (1)
It is likely that you can continue your business.
Based on the information you provided, it is likely you can continue your business. Non-compete agreements for non-equity employees are generally not transferable to other companies. The fact that you were laid off also makes it likely the non-compete is no longer enforceable.
However, without reviewing the non-compete and discussing your situation with you, I cannot give you a complete opinion. If you would like to discuss this matter further, please call me at the below number to discuss.
/Christopher E. Ezold/
Nancy O'Mara Ezold, P.C.
401 City Line Avenue,
Suite 904
Bala Cynwyd, PA 19004
(610) 660-5585
posted by Christopher Ezold | Jul 30, 2003 3:53 PM [EST]
Based on the information you provided, it is likely you can continue your business. Non-compete agreements for non-equity employees are generally not transferable to other companies. The fact that you were laid off also makes it likely the non-compete is no longer enforceable.
However, without reviewing the non-compete and discussing your situation with you, I cannot give you a complete opinion. If you would like to discuss this matter further, please call me at the below number to discuss.
/Christopher E. Ezold/
Nancy O'Mara Ezold, P.C.
401 City Line Avenue,
Suite 904
Bala Cynwyd, PA 19004
(610) 660-5585
posted by Christopher Ezold | Jul 30, 2003 3:53 PM [EST]
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