ChatterBank7 mins ago
Preventing old business partner starting rival business
I am about to buy out my business partner, and he has told me he is thinking about opening a similar business in a neighbouring town. Is this legal, and what can I do to prevent this?
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You prevent it by drawing up an agreement that constrains what he can and can't do in competition. You will need the assistance of a solicitor. Such types of agreements are very common when salesmen are dismissed to prevent them working for a competitor and taking all their intellectual capital with them.
You prevent it by drawing up an agreement that constrains what he can and can't do in competition. You will need the assistance of a solicitor. Such types of agreements are very common when salesmen are dismissed to prevent them working for a competitor and taking all their intellectual capital with them.
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