Introduction A buyer of a business sued the seller’s owner to stop him from competing against the owner’s old business. The deal This case involved the sale of a seafood distribution business. The seller was a San Francisco based organic…
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Court Says That Buyer of Business Not Likely to Win Trade Secret Suit
Posted in asset purchase agreement, trade secret misappropriation by former seller employee Tagged with: customer list, suppliers, trade secret
Court allows business asset buyer to sue seller’s employee-owner for using trade secrets buyer purchased from seller to compete against the buyer
In this case, the buyer is a security system installation, servicing, and monitoring company with residential and commercial customers. In November of 2016 it purchased the assets of the seller which was in the business of providing central station monitoring…
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