Contract – Noncompete – Stock Purchase Agreement

By Deborah Elkins
Published: March 30, 2010

Tags: Contract, Hanover County Circuit Court, Judge J. Overton Harris, Virginia Circuit Courts

A Hanover County Circuit Court refuses to enforce a noncompete defendant signed as part of a stock purchase agreement; the noncompete is overbroad, as it forbids defendant’s employment by “any business competitive with” plaintiff employer “in areas where [employer] has a market for its business.” Plaintiff employer is a privately owned Virginia corporation located in Mechanicsville. ...

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