In the sale of a business, the buyer will often request a non-compete provision to make sure that the seller is restrained from diluting the goodwill of the business by setting up shop down the street and attracting customers with whom he or she has a relationship. The sales price of a business is often adjusted to reflect the value of this promise by a seller. Unfortunately, sellers do not always uphold this promise. A violation of a non-compete provision will certainly cause an unanticipated hardship for the buyer. Immediate action is needed once it has been discovered that a non-compete agreement has been violated.
If you are faced with an issue involving the violation of a non-compete agreement call the Law Office of Ryan C. Solis to schedule a consultation to discuss legal options on how best to handle the matter.
