March 31, 2020 Introduction A buyer of a business does not want the seller or its owner to compete against it after the closing. One tool to manage this risk is the have the seller (and owner) provide a covenant…
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Business Buyer Sues Key Former Seller Employee for Using Seller Business Cards
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,…
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…
Allegations were enough, if true to establish that business sellers breached their noncompetition, nonsolicitation and confidentiality covenants
Buyer is a full-service specialty contract manufacturer of automotive, household, insecticide, and pesticide aerosols, based in St. Clair, Missouri, about 50 miles southwest of St Louis. Target is a specialty chemical contract packager, which manufactures aerosols, liquids, and bag-on-valve products,…
Non-compete given by business seller’s owner to business buyer in employment agreement held by court to be unenforceable
Seller’s owner is a computer programmer who operated Seller, a Portland, Maine based business that provided data and consulting services for the tire and automotive industry. In November 2010, Buyer contacted Seller’s owner about purchasing Seller. Buyer is based in…
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