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BettingAngles

08/05/14 9:15 AM

#91642 RE: Moto-MOMO #91640

IMO, I am pretty sure that non-compete clause will seal Moster Moto's fate if this goes to trial.. (Hope it's OK that I gave my input..) Have a great day all!!
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PennyHeaven7

08/05/14 9:26 AM

#91648 RE: Moto-MOMO #91640

rcjes I think you are right on with this what is a non-compete clause . IMO

What is a non-complete clause:

A non-compete clause (often NCC), or covenant not to compete (CNC), is a term used in contract law under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer). As a contract provision, a CNC is bound by traditional contract requirements including the consideration doctrine. The use of such clauses is premised on the possibility that upon their termination or resignation, an employee might begin working for a competitor or starting a business, and gain competitive advantage by exploiting confidential information about their former employer's operations or trade secrets, or sensitive information such as customer/client lists, business practices, upcoming products, and marketing plans.