Can’t Compete with the Noncompete Rule: FTC’s New Rule, Banning Noncompete Clauses
What is a Non-Compete Clause?
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If you ever come across an employment contract, you may typically find a provision that limits an employee “from working for a competing employer” or “starting a competing business” and restrains such competing acts within a “geographic area and period of time” following...
Mistakes to Avoid When Drafting Your Operating Agreement
When setting up a limited liability company (LLC), one of the most important steps is to draft your operating agreement, a foundational document that dictates how decisions are made, how ownership is structured, and so much more. It is, essentially, a contract that binds the owners to a set of rules.
Buy and Sell a Business: Purchase and Sales Agreement
When deciding to buy or sell a business, drafting a purchase and sale agreement (PSA Agreement) is essential. Here are some key points to include:
Purchase Price/Object: Will it be purchasing company assets or acquiring shares? Earnest Money...
Non-Competition Agreements
NON-COMPETITION AGREEMENTS – WHAT ARE THEY?
A non-compete agreement is an agreement wherein an employee contractually agrees with their employer they will refrain from competing with the employer during and/or following the conclusion of the employee’s employment with the employer. In Texas, the statutory authority is located as part of Texas Business & Commerce Code,...
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