Agreements that limit an individual’s ability to compete with a former employer have been controversial and the subject of much legislation and litigation. Federal legislators have proposed a law that would prohibit their use. Consider the following…
Non-compete agreements (cont’d)…
My...
It is not uncommon for a party to a significant commercial transaction to agree not to hire any employees of the other party for a specific period of time. However, are such agreements enforceable?
The case...
In the case in question,...
Compared to corporation shareholders, members (i.e., “owners”) of limited liability companies (“LLCs”) are entitled to extensive information about their company. Consider the following...
By comparison…
In a prior e-newsletter, I discussed shareholder rights to information about their company. In short, New...
Limited liability partnerships....
A limited liability partnership (LLP) is a special form of partnership. In 2000, New Jersey revised its general partnership (GP) law to permit GPs to convert into LLPs by way of filing a relatively simple form with...
Agreements that limit an individual’s ability to compete with a former employer have been controversial and the subject of much legislation and litigation. Such agreements are now getting the attention of federal regulators as well. Consider the following…
Non-compete agreements…
As...