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Court Restricts Company Seller’s Nationwide Noncompete to 3 States

Introduction The sale of a company usually comes with its goodwill. In fact, in many cases goodwill is the crown jewel of the business. The last thing a buyer wants, is to pay top dollar for the business only to

Posted in boilerplate provisions, California, choice of law provision, Delaware, noncompete area, reformation Tagged with: , ,

South Carolina Supreme Court enforces business seller’s noncompetition area that is significantly larger than seller’s former market area

Founded in the 1980s, Lexington, South Carolina based Seller, began its operations as a mortuary transport business; however, it eventually expanded to include the manufacturing and sale of body bags. In 2006, Seller decided to sell the mortuary transport portion

Posted in covenant not to compete, reformation, step-down provision

Texas court reduces geographic reach of noncompetition covenant given by seller of Hispanic grocery stores

Buyer owns two chains of grocery stores: La Michoacana and El Ahorro. In total, he owns 150 stores throughout Texas and Oklahoma. These grocery stores primarily target Hispanic customers. There were over 70 La Michoacana and El Ahorro stores in

Posted in covenant not to compete, reformation

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