Ohio’s Eighth District Court of Appeals affirmed a trial court’s modification of a noncompete agreement between a hospital and a physician formerly employed by the hospital. Both courts reasoned that modifying the agreement protected the hospital’s interest.
Ohio’s Eighth District Court of Appeals affirmed a trial court’s modification of a noncompete agreement between a hospital and a physician formerly employed by the hospital. Both courts reasoned that modifying the agreement protected the hospital’s interest.
powerhouse. jim knew an offer he couldn t refuse was imminent. we had 12 different individual people trying to buy one would give us more money if i stayed for five years. i never worked for anybody in my life. no, we re not doing that. we sold to l oreal, it was an all cash deal and i didn t have to work for them. jim recognized that he had become a man of many returns and so he was very careful about the noncompete clause. we had a short noncompete period, two years. we kept it short because we didn t know if we would come back or not. signing a ten-year noncompete, it would keep you from doing what you re known for. then the buyer always wants the longest period of time. they want to keep you out of the game as long as possible. after he made another fortune with purology, he and his wife
things culminated yesterday in the announcement coming from hp s rival, oracle, that it had hired mark hurd as the new copresident of its company. now hp has immediately filed a lawsuit over that decision, saying that the move puts the company s trade secrets, quote, in peril. now, in a statement, oracle s ceo larry ellison says hp s board is making it virtually impossible for these two companies to work together. now, willie, here is an interesting fact for he, though. mark hurd s severance agreement with hp doesn t include a noncompete clause. but what it does include is a confidentiality packet for the next two years. so i get guess let the judges decide. back over to you. carolin schober, that hp story gets more fascinating by the day. let s get a check on the weather.