Legal Question in Business Law in Indiana
trade law
i am being sued for a trade law, what is this and can i be in trouble or not. i worked for a company for 9 tears and left now i work with the same type of company and the deal with the same customers as the last one. also some of them want to do buniess with this company now and not the old one. the owner of the old company is now sueing me and 3 other former employees. can we do anything? are we in trouble or what? also what is a non- compete agrement? thanks for trhge help
1 Answer from Attorneys
Re: trade law
Stop monkeying around with your magical thinking. You must immediately confer with an experienced attorney. "Trade law" could include a number of allegations, such as breach of contract for violating a noncompetition agreement, conversion of business assets for stealing the company's customer list, and unfair competition, to name a few. You have a limited time to respond (20 days, perhaps) and if you fail to respond, a judgment could be entered against you for thousands of dollars and you could be ordered to stop doing business. I would call that "trouble." A non-compete agreement must be in writing, signed by the parties, and limited in scope as to time, place and extent, or it won't be enforceable. It forbids a person from doing business in competition with, usually, an employer or former partners. There could be valid defenses to all the claims, so take the summons and complaint to a good lawyer. Contact your local bar association for a referral to someone experienced in business litigation. A consultation should cost a few hundred dollars, and to retain a good lawyer to defend against the complaint will cost thousands of dollars, all of which you should cheerfully pay. Good luck.
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