Can I open a new business in the same field when my divorce is final?
I wish to start a new business in the same industry as the one in which my soon to be ex-husband and I own. I manage the current business and most of the customers will want to switch over to my company. My divorce will be final in December. I am currently 35% owner. My soon to be ex-husband is 65% owner. There is a key employee agreement with a non-compete clause in it; however, it is not signed. I don't believe I ever signed one for this business. Will he have grounds to sue me and shut-down my new business?
1 answer | asked Sep 20, 2010 12:48 PM [EST] | applies to Michigan
Answers (1)
If there was never any agreement reached, then you may be able to compete. But more spefics are needed to answer this question.
posted by Brad Glazier | Sep 20, 2010 12:58 PM [EST]
posted by Brad Glazier | Sep 20, 2010 12:58 PM [EST]
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