Legal Question in Business Law in Maryland
Non-Compete
I worked for a company for 9 years and had a non-compete. The company was sold to another company. After a few months with the new company I decided to leave and start my own company in the same line of business. Because my non-compete was with my first employer can the new employer enforce it? The company was bought through a stock purchase.
Asked on 7/13/06, 5:24 pm
1 Answer from Attorneys
Randy Fisher
Fisher Law Office
Re: Non-Compete
Not enough facts to know for sure, but probable.
Stock purchase allows new owner to step into shoes of previous owner.
Answered on 7/13/06, 5:40 pm
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