Non-Compete Clause

Discussion in 'Business Operations' started by ALarsh, Apr 15, 2007.

  1. ALarsh

    ALarsh LawnSite Silver Member
    from Midwest
    Posts: 2,412

    I recently bought out a guy with a good amount of plowing customers. I'm looking for a no compete clause just to protect me for the next several years. What do you guys use for one? Can you post it here?

  2. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    I went to a lawyer and had a non-solicit agreement made. If you already bought the company are you not trying to close the door after the horse has left?

    I suggest everyone get one made by a good lawyer in there State.
  3. ALarsh

    ALarsh LawnSite Silver Member
    from Midwest
    Posts: 2,412

    A verbal agreement has been made and both parties have come to an agreement but I have not put over money yet. We have yet to contact all the customers but we are going to write a letter to all of them and include my contract to switch customers over.
  4. Vikings

    Vikings LawnSite Bronze Member
    from canada
    Posts: 1,657

    Good Idea, I suppose just cause you bought his equipment he may turn around buy new equipment and take back all the customers.

    When I bought a franchise, a long time ago, I had to sign one of those.

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