Missouri Clauses Relating to Venture Interests
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How to fill out Clauses Relating To Venture Interests?
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FAQ
Non-Solicitation of Employees in Missouri. A non-solicitation of employees clause prevents former employees from leaving their jobs and then recruiting or hiring their former colleagues. This is often referred to as anti-raiding or anti-poaching.
Any action which is required to be or may be taken at a meeting of the directors, or of the executive committee or any other committee of the directors, may be taken without a meeting if, setting forth the action so taken, all of the members of the board or of the committee, as the case may be, consent thereto in ...
The Missouri Constitution prohibits any public officer or employee in the state who, by virtue of their office or employment, names or appoints to public office or employment any relative within the 4th degree by consanguinity or affinity. The penalty for violation is automatic forfeiture of office.
Both Kansas and Missouri allow courts to modify the unreasonable parts of non-compete agreements. This is called the ?blue-pencil? rule. The blue-pencil rule allows courts to modify the overbroad parts of a non-compete without tossing the whole agreement.
351.409. Conversion of corporation to another business entity, procedure ? certificate of conversion required ? effect of conversion ? inapplicability to nonprofit organizations.
§ 431.202 RSMo. This statute provides, among other things, a non-solicitation covenant between an employer and employee is presumed reasonable when it seeks to protect a protectable interest and ?its postemployment duration is no more than one year.? Id.
Finally, Missouri non-compete agreements can prevent an employee, for a reasonable time, from working for a competitor or from otherwise competing with the employer. The geographic limitation related to such restriction must generally not be greater than the employer's trade area.
On , Missouri lawmakers passed Senate Bill (SB) 103, limiting the time and scope of covenants between a business entity and an ?owner? in which the owner promises not to solicit or interfere with the business's employees and customers after the owner's relationship with the business ends.