Is this legal/ illegal to work closely to sold business?
Hi ! My question is I bought a small business and the former owner took all her customers moved to less than 0.2 mile rent a station to work there ? If it’s illegal what can I do ? Thank you
I’m so sorry this happened. While there’s no law that prevents her opening a business, if you have a non-compete agreement with the seller, you may be able to sue for damages. However, without a non-complete agreement prohibiting her from stealing customers and relocating nearby, you may be in a bad spot. I recommend you take a look at our non-compete article, review your purchase agreement and consider retaining an attorney. Good luck. Here are articles that can help.
Laura, Staff Writer
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.