Legal Question in Business Law in Minnesota
can a company enforce non compete if they are either out of business or filing a chapter 7
Asked on 4/12/10, 2:22 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Possibly- the business could be sold or its assets transferred (even after BKY) and one of the main assets could be goodwill, customer lists etc.
So a Non-compete would be a priority for enforcement in such circumstances.
(Keeping the Golden Goose alive and laying eggs).
Answered on 4/17/10, 3:44 pm
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