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If the first company was sold, then there is no validity to the non compete without the new company having one signed.
Additionally, if the original company was still the employer, if they breached the contract, then the non compete would not be valid
It does not matter that it was suppose to last two years after the contract expired first because the contract did not expired it was breached and secondly because you never agreed to work with the new company and you did not sign a non compete with them
Therefore, I suggest this is a scare tactic.
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