Business and Financial Services
Distinguishing Between Non-Competition Agreements in Employment Agreements and Those in the Sale of a Business
Virginia courts apply different standards to non-competition agreements depending on whether the restriction arises from an employment relationship or from the sale of a business. In this Bean, Kinney & Korman article published in the BKK Business Law Newsletter, James V. Irving explains that courts generally give greater deference to restrictive covenants tied to the sale of a business because those agreements are viewed as part of an arm’s-length transaction between sophisticated parties…
November 1, 2012