Non competitve agreement when selling a business
I signed a non competitve agreement when I sold my business stating that I would not work in a 100 mile radius Ft. Walton Beach, FL for 5 years. The new owner of the business is not pursuing the advertising business that I sold him and I wish to move back to Florida and resume selling advertisements in that area. Can the new owner hold me to my 5 year agreement when he is not actively doing this type of business?
1 answer | asked Sep 27, 2007 1:40 PM [EST] | applies to Florida
Answers (1)
Non compete agreement
The statute which governs non compete agreements states that agreements between 6 months and two years are presumptively valid. I've never seen an agreement for as long as 5 years and I doubt any judge would enforce it.
posted by Bonnie Riggens | Sep 27, 2007 2:13 PM [EST]
The statute which governs non compete agreements states that agreements between 6 months and two years are presumptively valid. I've never seen an agreement for as long as 5 years and I doubt any judge would enforce it.
posted by Bonnie Riggens | Sep 27, 2007 2:13 PM [EST]
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