Legal Question in Business Law in North Carolina

Without reading the contract you signed it's difficult to know if the contract becomes invalid with the merger. Regarding the non-compete clause, courts will only enforce them if they are written in a way that is deemed reasonable, both in duration and geographic scope, and is not contrary to public policy in that it doesn't restrict normal business competition or prevent someone from making a livelihood. That said, I am not sure how the courts in NY have ruled on non-compete clauses and I am not familiar with industry standards for mortgage brokers. You should have a NY attorney with contract experience review yours. Generally, it sounds as if the clause may be too broad in both geographic scope and duration to be enforceable, but, again, without reading the language of the contract it's too hard to know. Hope this is helpful.