2 ms·
> A non-compete agreement between a seller and buyer is perfectly fine. Well, it's up to market protection agencies to look at the specifics.
by marcosdumay 7mo ago
> A non-compete agreement between a seller and buyer is perfectly fine.
Well, it's up to market protection agencies to look at the specifics.
- Beestie 7mo agoNot really. Individuals who can build a company are under no obligation to sell it to anyone placing unreasonable conditions on the sale. If I'm buying your company, I have a concern that you might pull of of the customers back (having started a new company) but the price I'm willing to offer you compensates you for the book of business you are selling to me. That's where non-solicitation clauses come in. I think the operative principal here is that employees are at a disadvantage w/r to employers. Buyers and sellers are not presumed to be at any disadvantage w/r to each other.
- marcosdumay 7mo agoYou are not always free to sell your business in any way you want. Some times, there are restrictions or you may not be allowed to sell at all. Anyway, that's not related to the employees contracts.