Non-Compete Agreement
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You are the attorney for WABC, a New York City television news outfit, and you are in charge of drafting a non-compete agreement for the new anchorperson Bob Bobswell. Bobswell was born and raised in New York, but educated in California. His most recent job was as an anchorman in Minnesota. Assuming that non-compete agreements are valid in this state, draft a valid non-compete agreement that can be used by the parties should Bobswell part ways with the company. Explain each clause and why it is reasonable under the principles of a successful non-compete agreement.
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Solution Summary
The expert examines non compete agreement. Each clause is explained as to why it is reasonable under the principles of a successful non-compete agreement.
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The purpose of a non-compete agreement is simply to limit competition.
Non-competition agreements interfere with public policy that frowns on restraints of trade, so the law balances whatever legitimate interests that a non-compete agreement serves against perceived public policy. Therefore, the requirement that a contract be for a ...
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