If you have an employee in a competitive position, you may have considered asking the employee to sign a non-compete. A non-compete agreement is a contract in which the employee agrees not to work in a particular industry, or start a business in a particular industry, for an established period of time. They are usually […]
Category Archives: Business Law
A buy-sell agreement is a binding contract between co-owners that controls when owners can sell their interest, who can buy an owner’s interest, and what price will be paid for that interest. There are many situations these agreements can be used in, including when an owner retires, becomes disabled, dies, retires or divorced. In some […]
Smith was retained by health insurance broker GHS to service its clients and to locate new business for it. Smith signed a non-compete agreement that he would not solicitinsurance business from any of GHS’s insurance accounts for three years following the termination of his employment. After terminating Smith for cause, GHS sued him for actively […]
The New York Limited Liability Company (LLC) is a hybrid business entity which combines the best features of partnerships with corporations. LLCs are commonly used for real estate ventures and family partnerships because of their tax advantages. The LLC is formed by the filing of Articles of Organization with the New York Secretary of State […]