Legal Question in Business Law in Nevada
Asset Purchase including Non Compete
I am purchasing the assets of a small business from a C corp. The prior owner purchased this business two years ago and died shortly thereafter. Included is a non-compete agreement from the prior owners (the owners before the person that died). These former owners are still in the area and will receive a large payout from the estate - thereby giving them the captial to open a competing business. The non-compete is with the ''Buyer'' listed in the previous agreeement (the deceased), there is no mention of assigment or succesors in the non-compete. Is this non-compete enforceable?
Asked on 2/28/05, 8:41 pm
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
Re: Asset Purchase including Non Compete
No. It would have to be agreed to.
Answered on 2/28/05, 10:02 pm
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