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Ianal. Generally speaking, noncompete agreements prevent you from taking equity / ownership or active role in competitors They say nothing about loans. Thats
by IG_Semmelweiss 6y ago
Ianal.
Generally speaking, noncompete agreements prevent you from taking equity / ownership or active role in competitors
They say nothing about loans. Thats from the many agreements i have come across between businesses and partners/employees
- caturopath 6y agoYou're hypothesizing he was contractually obligated not to GIVE them money, but not also to LOAN them money?