LegalMatch Free Legal Advice Forums     
Find A Lawyer Now!
Legal Forum

Go Back   LegalMatch Free Legal Advice Forums > Employment and Labor Law Forum > Employment Contracts
User Name
Password Register
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Find a Lawyer Now By Category:
Family & Divorce Criminal Defense Job & Employment Personal Injury
Real Estate Lawyers Immigration Business Lawyers Other Lawyers
Be assured that LegalMatch is Fast, Free and Confidential
Not Ready To Hire an Expert Lawyer? Get Online Legal Documents
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 09-19-2007, 10:21 AM
Junior Member
 
Join Date: Sep 2007
Posts: 1
Default non-compete and aquisition

I have/had a non-compete with my employer, Company X, LLC. My employer was just acquired by a much larger company, Company Y. I did not have to sign a non-compete with this new company.

So, I now work for Company X, a division of Company Y. In other words, my employer, Company X, is still operating...we simply dropped the LLC.

There was no stock involved, as both companies are privately held.

My question is, is the old non-compete (with Company X, LLC) still valid?

Thank you!

Last edited by joenobody : 09-19-2007 at 10:25 AM.
Reply With Quote
  #2 (permalink)  
Old 09-19-2007, 12:48 PM
Senior Member
 
Join Date: Nov 2006
Posts: 456
Default

Quote:
Originally Posted by joenobody View Post
I have/had a non-compete with my employer, Company X, LLC. My employer was just acquired by a much larger company, Company Y. I did not have to sign a non-compete with this new company.

So, I now work for Company X, a division of Company Y. In other words, my employer, Company X, is still operating...we simply dropped the LLC.

There was no stock involved, as both companies are privately held.

My question is, is the old non-compete (with Company X, LLC) still valid?

Thank you!
That would depend on the terms of the acquisition. Personally, I think that as long as Company Y is still doing business (regardless of the LLC) and your paychecks are still cut from that payroll, you're still an employee of Company Y and that the non compete is still in effect. That can be confirmed by the personnel office/department. You can also verify directly with Company X but from your post, in my opinion it doesn't sound as if your original employment terms were affected by the merger. I don't know if I'd rely on telephone calls alone but ask to see something in writing for your records.

Good luck.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -7. The time now is 10:27 AM.

Find Lawyers | Family & Child Custody Lawyers | Divorce Lawyers | Criminal Defense Lawyers
Job & Employment Lawyers | Personal Injury Lawyers | Real Estate Lawyers | Business Lawyers
Immigration Lawyers | Bankruptcy Lawyers | Estate Planning Lawyers | DUI-DWI Lawyers

Marketing for Attorneys | Websites for Attorneys | Law Firm Financing
LegalMatch Reviews | LegalMatch Forums | LegalMatch Family Lawyers | LegalMatch PR
LegalMatch in Austin | LegalMatch Life | LegalMatch Affiliate Program


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Copyright ©1999-2008 LegalMatch. All rights reserved. LegalMatch®, the LegalMatch
logo, and the tradedress are trademarks of LegalMatch. Patents Pending.