Legal Question in Employment Law in New Jersey

That could go either way in court. If the change in management creates a situation where the restrictions of the agreement are materially different than in the original agreement, a court in NJ might elect to enforce the agreement or to enforce only so much of the restrictions as would apply if the management change had not taken place. Cases involving non-compete agreements tend to be very fact-specific.

See also: http://info.corbettlaw.net/lawguru.htm