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Attorney2020, Lawyer
Category: Employment Law
Satisfied Customers: 2579
Experience:  I have significant experience in employment law.
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I sold my business to a company and had a employment

Customer Question

Customer: I sold my business to a company and had a employment contract with a 5 year non compete. My business is Insurance. the non compete runs out in September of 2016. If I take all my accounts in March with effective r dates ranging from march thru the rest of the tear is it safe to assume that my damages would be limited to the accounts with income from March to Sept. Because after Sept they have a choice as to where they want to place the business? My name is ***** ***** Schield
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Customer: I think I spelled it out as best as I can.
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Submitted: 1 year ago.
Category: Employment Law
Expert:  Attorney2020 replied 1 year ago.

What does the contract state as to the amount of damages in case of a breach of contract?

Customer: replied 1 year ago.
It doesnt have a clause for damages. What is usual is a negotiated purchase for lost business. But after non compete runs out no damages or purchase is posdible
Expert:  Attorney2020 replied 1 year ago.

What could be alleged would be a loss of future business as well if it is determined that a breach occurred during the contractual period but the damage caused extended beyond the duration of the non-compete. Bot***** *****ne is argument for damages gets very creative in courts. However, the term of the contract seems overly broad and a court may not even enforce the non-compete agreement at this point but there is a risk that the court does in fact enforce such agreement. It would be bad practice for me to guess as to what the other side may seek pursuant to the non-compete and again they could get creative to increase liability exposure.

I hope that helped. Please ask any follow-up questions. Please rate my answer so that I may be credited for my time. I thank you in advance for your cooperation.

Customer: replied 1 year ago.
Thank you
Expert:  Attorney2020 replied 1 year ago.

I am unable to speak on the phone. However, please rate my answer so that I may be credited for my time. I thank you in advance for your cooperation.