Every commercial lease has a sentence that reads like this: “… at the end of the lease term, the Tenant must return the leased premises to the Landlord in the same condition as when the lease term began, normal wear and tear excepted.” Sounds pretty simple. But what about all of the improvements you made, …
Ever hear this? “Non-compete agreements are not worth anything.” It astounds me how many people believe this. Because just the opposite is true. Repeat … the opposite is true. Non-compete agreements are commonly used in two contexts: sale of a business (i.e. the seller/owner agrees not to compete after the sale) and for employees and …
Non-Compete Agreements in Business Sales (Part 1 of 3) Read More »
Non-Competes for Employees and Independent Contractors In the first article we talked about non-competes in the sale of a business. In a business sale, the non-compete must be separately purchased, i.e. the person who agrees not to compete must be paid directly for that commitment. But for employees (or independent contractors) no such “purchase” is …
Non-Compete Agreements in Business Sales (Part 2 of 3) Read More »
The Contents of a Well Drafted Non-Competition Agreement What Can You (the Employer) Include in a Non-Compete Agreement? Non-competes are often mis-understood and viewed as dreaded creatures designed to punish or put people out of work. But they need not be so fearsome. They can be simple and fair. Remember the purpose is not that …
Non-Compete Agreements in Business Sales (Part 3 of 3) Read More »
You are proud of yourself. You went on-line at the Secretary of State’s website and filed your Articles of Organization. This means that you have limited your personal liability right? Well … maybe. People rarely understand that what they do AFTER filling Articles of Organization is as important as the filing itself. You are living …
Sole Owner LLC – is your liability really limited? Read More »