Luft Tumlin PLLC

Contract

Non-competition agreements: Leverage When Buying or Selling a Business

The premise of a non-compete in the sale/purchase of a business is simple: to protect the business’s existing customer base and the accumulated goodwill of a business. No buyer wants to invest in a business where the seller poaches clients and employees or enters back into competition after profiting from a sale. While instituted mainly …

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How Can You Start to Reduce Risk?

There is always going to be some risk. Few agreements are ironclad, but it is helpful to conduct an assessment and build an internal portfolio of model agreements, such as non-disclosure agreements, master service and sales agreements, master purchase agreements (or PO’s), website terms and conditions and privacy policies, and, when appropriate, licensing agreements. I …

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