Can You Enforce Noncompete Agreements Signed By Employees Of An Acquired Company?
It Depends On The Structure Of The Deal -- And Where The Employees Are.
Publication
11.07.03
After closing, you managed to hold on to the people, bring them into your culture and integrate them into your operations.
That was then. Today you were surprised by mass resignations from your offices in Tallahassee and Pittsburgh. In total you've just lost 10 employees, and to make matters worse, they all are joining your archrival. Worse yet, they control a number of your most lucrative accounts, and word has it they are making moves to take those accounts with them.
So how do you protect your company's assets and strengthen the value of covenants with employees from an acquired company?
This article appeared in the November 7, 2003 issue of The Daily Deal.
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