Gary E Jacobson
360-299-9900
  • Home
  • Client Services
    • Buying A Business
    • Selling A Business
    • Buying An Agency
    • Selling An Agency
    • Family Succession
    • Employee Buyout
    • Mergers & Acquisitions
    • Shareholder Agreements
    • Corporations, LLC
    • Non-Competes
    • Employment Contracts
    • Real Estate Agreements
  • The Specialist Blog
  • Contact
  • Articles
  • About
    • About Gary Jacobson
    • About Larry Morrison

NON COMPETES CAN ADD VALUE

10/28/2013

0 Comments

 
Picture
Non-competes can literally constitute the primary value of certain types of companies, by protecting trade secrets and confidential information as well as preventing key employees from competing with the company in either a narrow or fairly broad marketplace niche depending on the situation.

In order to be enforceable, however, they must be "reasonable" in all respects in light of the facts and circumstances of both your company and the particular employee's personal situation; otherwise, they will likely be thrown out or severely limited by a court.  Nevertheless, contrary to rumor and supposition, they are very enforceable if well drafted. Signing one carelessly can virtually cost an employee their career in that industry for all practical purposes.  Having a non-compete in place for each key employee can result in a company being worth multiple times what it might be otherwise to a prospective purchaser of the business; whereas lack of a non-compete or an inadequate one can literally destroy the value of a company to a prospective purchaser.

Read more.....


Picture
Gary Jacobson, JD
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Mr. Jacobson is a business and real estate contracts specialist with over 30 years experience. He represents individuals, families, business owners, and business entities

    Archives

    April 2015
    June 2014
    March 2014
    October 2013
    September 2013
    August 2013
    July 2013

    Categories

    All
    Buying A Business
    Buying An Agency
    Larry Morrison
    Merge
    Negotiations In Buying A Business
    Negotiations In Selling A Business
    Negotiations When Buying An Agency
    Negotiations When Selling An Agency
    Non Competes
    Process In Buy
    Reasons For Selling A Business
    Sell
    Selling A Business
    Selling An Agency

    RSS Feed

Proudly powered by Weebly