To induce the purchaser to enter into this agreement, to pay the purchase price provided and to otherwise perform the obligations hereunder, the seller covenants to the purchaser that de will not for a certain period of time from the date fixed for the closing, engage, directly or indirectly, in the business of buying, selling, brokering, importing, exporting, or manufacturing items or products of any kind whatsoever related to the sale of this particular business.
Chandler Arizona Noncompetition Covenant by Seller in Sale of Business
Category:
State:
Multi-State
City:
Chandler
Control #:
US-01736-AZ
Format:
Word;
Rich Text
Instant download
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FAQ
Several factors can void a non-compete agreement, including overly broad terms that restrict a seller's ability to work in their field, or lack of consideration at the time of signing. In the context of the Chandler Arizona Noncompetition Covenant by Seller in Sale of Business, agreements that do not serve a legitimate business interest may also be deemed unenforceable. Additionally, if a non-compete agreement is not reasonable in time and geographic scope, it may not hold up in court. To ensure your agreement is valid, consider utilizing resources like uslegalforms to create a legally sound document.
The enforceability of a non-compete agreement after the sale of your company often depends on the specific terms outlined in the Chandler Arizona Noncompetition Covenant by Seller in Sale of Business. Generally, if the agreement includes clear provisions that protect the buyer's interests, it may remain enforceable. However, the circumstances surrounding the sale and the nature of the business can also influence enforceability. Consulting with a legal professional familiar with Arizona's non-compete laws can provide clarity and guidance.
Yes, non-compete clauses are generally enforceable in Arizona, provided they meet certain criteria. Specifically, the Chandler Arizona Noncompetition Covenant by Seller in Sale of Business must protect legitimate business interests and be reasonable in time and geographic scope. Courts will evaluate each case individually, so it is beneficial to consult a legal professional for tailored advice. Utilizing US Legal Forms can help you create a compliant and effective non-compete agreement.
compete can hold up after a sale, but various factors come into play. The Chandler Arizona Noncompetition Covenant by Seller in Sale of Business must be clear about its terms to remain enforceable. Courts typically assess whether the noncompete is reasonable in scope and duration. To navigate this complex issue, consider using US Legal Forms to draft or review your covenant.
Yes, a non-compete can be enforceable even if the company is sold. In the context of a Chandler Arizona Noncompetition Covenant by Seller in Sale of Business, the seller may be restricted from starting a competing business for a specified time. However, the enforceability largely depends on the specific terms outlined in the agreement and local laws. It is wise to consult a legal expert to ensure the agreement is structured correctly.
1. : a maker or seller of tallow or wax candles and usually soap. 2. : a retail dealer in provisions and supplies or equipment of a specified kind. a yacht chandler.
/???ps t?ændl?r/ (also chandler) ?a person or shop that sells equipment for ships and boats.
A person who sells supplies for boats or ships: The ship's chandler always needs extra help when a boat comes in. He became a yacht chandler in Shaldon, at the mouth of the River Teign.
Origin of chandler1. 1275?1325; Middle English chandeler candlestick, maker or seller of candles < Anglo-French, Old French chandelier, literally, someone or something connected with candles, equivalent to chandelle candle + -ier -ier 2.
Chandler (occupation), originally head of the medieval household office responsible for candles, now a person who makes or sells candles. Ship chandler, a dealer in supplies or equipment for ships.
