Non Compete

Discussion in 'Business Operations' started by mruth77, Jun 29, 2007.

  1. mruth77

    mruth77 LawnSite Member
    Messages: 27

    I am going to buy an existing business. I want the former owner to sign a noncompete, how many years do you normally make that for?
     
  2. bullethead

    bullethead LawnSite Senior Member
    from Texas
    Messages: 273

    I think average is 2 yrs. I believe beyond a certain time frame, it is unenforceable - google it or call an attorney
     
  3. Mountain Peak

    Mountain Peak LawnSite Member
    Messages: 203

    I have a friend in Chicago that has built and sold two businesses now. He said the standard is 2 years as well.
     
  4. bohiaa

    bohiaa LawnSite Fanatic
    Messages: 5,220

    hummm I was thinking it was longer than that......

    I remember studying it in college,

    maybe it was standard, but some make it 10.....
     
  5. mruth77

    mruth77 LawnSite Member
    Messages: 27

    Thanks everyone, that gives me a good idea .
     
  6. mruth77

    mruth77 LawnSite Member
    Messages: 27

    One thing i did forget, noncompete within how many mile radius?
     
  7. Sandgropher

    Sandgropher LawnSite Senior Member
    Messages: 903

    How many mile radius?,,,,, never heard of that one before, my understanding is its not to go after the customers that he has sold you.

    Anyway he can put another business is his wifes name and help run it;) for her.
     
  8. ArizPestWeed

    ArizPestWeed LawnSite Bronze Member
    Messages: 1,457

    In how many miles radious may depend on your area .

    Mine is for 5 years , when I hire an employee , he cannot gte his license and compete against me
     
  9. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    5 years, no radius.
     
  10. Plant Buyer 83

    Plant Buyer 83 LawnSite Member
    Messages: 176

    I agree with rodfater
     

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