Does the sale of a company continue the non-compete agreement?
I work as an independent contractor for a company. I signed a non-compete agreement with the owner. The company has now been sold to another LLC. Is the agreement still valid or will the new owner have to get another agreement signed?
1 answer | asked May 4, 2011 3:07 PM [EST] | applies to Florida
Answers (1)
The agreement may still be valid, but it depends on the wording of the agreement. Many agreements permit employers to assign their rights under the agreement to a successor. You should have the agreement reviewed by a lawyer who is experienced in this area to get a definitive answer to your question.
posted by Archibald Thomas | May 4, 2011 4:10 PM [EST]
posted by Archibald Thomas | May 4, 2011 4:10 PM [EST]
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