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Cautionary Tale From Delaware: Restrictive Covenants Binding Sellers Must Be Narrowly Tailored - Contract of Employment - Vimarsana News

Cautionary Tale From Delaware: Restrictive Covenants Binding Sellers Must Be Narrowly Tailored - Contract of Employment

The Delaware Court of Chancery invalidated a seller non-competition covenant that went beyond the buyer's "legitimate business interest" of protecting the goodwill of the acquired company.

Source: mondaq.com