Introduction A key employee in a service business may have valuable personal relationships with the company’s clients. A buyer of the service business risks the key employee walking out the door with company clients after the closing. The deal Here,…
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Business Buyer Sues Key Former Seller Employee for Using Seller Business Cards
Posted in business cards, trade secret misappropriation by former seller employee Tagged with: business card or Rolodex
Medical Practice Buyer Sues Selling Doctor for Post-Closing Taking of Patient List
Introduction A patient list may be a valuable and confidential asset of a medical practice. Therefore, a buyer of a medical practice will want to keep the selling doctor from taking the patient list with him or her after the…
Court Says That Buyer of Business Not Likely to Win Trade Secret Suit
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…
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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