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re: Non-Compete agreements are now illegal nationwide!
Posted on 4/23/24 at 2:50 pm to Epic Cajun
Posted on 4/23/24 at 2:50 pm to Epic Cajun
[/quote]
If I’m the one buying the business, I would pay a lot less if I knew the seller could turn around and start the same business in the same area.
quote:
quote:What if I sell my business to someone and then go right out and start another business just like the one I just sold? The market will determine who gets future business?
If I’m the one buying the business, I would pay a lot less if I knew the seller could turn around and start the same business in the same area.
2
Posted on 4/23/24 at 3:19 pm to TigerBlood17
quote:
quote:
quote:What if I sell my business to someone and then go right out and start another business just like the one I just sold? The market will determine who gets future business?
If I’m the one buying the business, I would pay a lot less if I knew the seller could turn around and start the same business in the same area.
So the free market would dictate the value of the business?
Is this even the same type of NC? I don't know enough about NCs to get into all that, but it seems like it would be drastically different than between an employer and employee.
Posted on 4/23/24 at 3:23 pm to TigerBlood17
quote:
If I’m the one buying the business, I would pay a lot less if I knew the seller could turn around and start the same business in the same area.
Okay, then take that into consideration when you are buying the business
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