Legally Speaking: Breaking Up Is Hard To Do

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Are Noncompete Clauses No Longer Enforceable?

Are Noncompete Clauses No Longer Enforceable?

Since April 23, when the Federal Trade Commission (FTC) announced its final rule regarding noncompete clauses, I have received numerous calls and emails asking if such clauses are no longer binding and effective. 

Buy-sell agreements are a key component for succession planning

Buy-sell agreements are a key component for succession planning

An insured buy-sell agreement is a solution that allows your business to continue operating by providing a source of funds to compensate the deceased owner’s family for his or her share of the company, without having to liquidate company assets. The surviving owners rarely wish to become partners with a deceased owner’s heirs and the heirs rarely wish to get involved with the day-to-day operations of their loved one’s business. So, what exactly is a buy-sell agreement?