Prohibition on stock voided noncompete 
By
Published: February 24, 2011
Tags: Employment, Judge Frederick B. Lowe, Virginia Beach Circuit Court
A Virginia Beach Circuit judge has struck a noncompete agreement after a medical company tried to enforce the covenant against a family nurse practitioner who sought to start another medical business.
The key phrase that caused the agreement to fail: The document prohibited her from competing as a “shareholder.” That covenant would bar a former worker ...
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