Legal Question in Business Law in Georgia
If an employee signs a no compete clause with an employer and the company is sold, does the new owner attain all the rights of the original clause with the first owner?
Asked on 7/14/14, 12:24 pm
2 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
If the entire business entity was sold (as opposed to just the assets), the contract is still with the same party so it could likely be just as valid as it was before the sale. Many more facts and a review of the document would be required for a firm answer.
Answered on 7/14/14, 12:31 pm
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Probably, depending on a great many details we do not have, which would include reading the document itself.
Answered on 7/14/14, 4:06 pm
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