When drafting an employment contract, an operating agreement for a Limited Liability Company (LCC) or any other business agreements, an important component of these instruments should be a noncompete clause.
One of the threads we've been following in this blog is the status of noncompete agreements in Massachusetts.
This is a follow-up to piece we did last month on noncompete agreements.
A half century ago, in the world depicted on the popular TV show "Mad Men," the world was a much simpler (some would say simplistic) place.
Most people's work lives take place in a relentlessly competitive marketplace marked by constant technological change.
The owner of a Massachusetts office building sued the developer of a $1.6 billion project for allegedly not paying rent and attempting to get the building's tenants to relocate. The contract dispute pitted the owner against the redevelopment company that was charged with revitalizing downtown Quincy. The redeveloper was hit with a breach of contract suit in the amount of $12.9 million, which was the agreed-upon price for the owner to be paid for the building. A partner with Street-Works reported that the dispute was almost settled.