2 ms·
That's not entirely true. California allows non-competes for someone selling a business. We don't know if Dorsey actually did sign a non-compete, but Musk is bu
by delecti 4y ago
That's not entirely true. California allows non-competes for someone selling a business. We don't know if Dorsey actually did sign a non-compete, but Musk is buying Twitter so this might be one of the rare instances where it'd be legal in California if he had.
Source: California law: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?division=7.&chapter=1.&part=2.&lawCode=BPC https://leginfo.legislature.ca.gov/faces/codes_displayText.x...
> [...] any owner of a business entity selling or otherwise disposing of all of his or her ownership interest in the business entity [...] may agree with the buyer to refrain from carrying on a similar business within a specified geographic area in which the business so sold, or that of the business entity, division, or subsidiary has been carried on, so long as the buyer, or any person deriving title to the goodwill or ownership interest from the buyer, carries on a like business therein