Published March 7, 1991
by John Wiley & Sons Inc .
Written in English
|The Physical Object|
|Number of Pages||112|
Covenants Not to Compete: A State-by-State Survey helps practitioners analyze, draft, and confidently litigate covenants not to compete and other restrictive covenants in the employment, partnership, franchise, license, and sale-of-business contexts. Covenants Not to Compete: A State-By-State Survey. This supplement, with data current through December , was published to support the two-volume main set (published in with information current through December ).Ratings: 0. Covenants Not to Compete fully explores legal principles for forming, drafting and implementing sound non-competition agreements. This is the must-have authority on how to draft and interpret a covenant not to compete clause. This resource clearly lays out what interests can be protected and covers the legal limits of enforceability. The bottom line on covenants not to compete in physician employment agreements is that the market will enforce the covenant as written, even if a court almost certainly wouldn’t. You have to negotiate language that you can live with, or you will probably end up .
These agreements often take the form of “covenants not to compete,” which prevent the employee from working with a competitor of the employer for a certain amount of . Drafting Enforceable Covenants Not to Compete The Covenant Must Be Reasonable. This requirement is the most important and also Length of Time. Time restrictions should not be over broad or arbitrary. Geographic Area. Geographic restrictions should be limited to areas in which the business. Jul 28, · "Covenant not to compete" on the other hand was deductible over the term of the agreement. Often the payment corresponded with the agreement term . Oct 02, · The Lyons case involved a rather lengthy procedural history, but for purposes of this brief blog post the most notable facts involved an employee of an insurance agency who attempted to bring his “book of business” to a new agency notwithstanding a covenant not to compete. A Pennsylvania court had granted an injunction to prevent the enforcement of the covenant not to compete, but after that .
A covenant not to compete is not meaningful if the grantor of the covenant (the seller) has stated his or her intention to retire or to leave the geographic area covered by the covenant, and thus, poses no real threat of competition. Section (d)(1)(E) specifies that a section intangible includes “any covenant not to compete (or other arrangement to the extent such arrangement has substantially the same effect as a covenant not to compete) entered into in connection with an acquisition (directly or indirectly) of an interest in a trade or business or substantial portion thereof.”. Early English and American common law --Modern treatment of non-competition agreements --Protectible interests --Federal regulation of employee covenants not to compete --Drafting covenants not to compete --Covenant not to compete clauses --Sample employment agreements --Pre-litigation considerations --Litigation considerations --Litigation. agement, the buyer usually insists that the seller give a covenant not to compete for a specified period. There are sound business reasons for the buyer to protect himself from such competition. In addition, not far from his (or his lawyer's) mind is the pleasant thought that such a covenant might provide an opportunity to recoup at least a.