Jul 18th, 2023
Oct 3rd, 2013
The recent decision by the Supreme Court of Canada in Payette v. Guay inc. provides insightful guidance for non-compete and non-solicit provisions in a contract for the sale of a business where the principle will continue to be involved in the operations.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances and contract drafting.
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Seth B. Abbey, a corporate lawyer at Spiegel Sohmer with a focus on mergers and acquisitions, private equity financing and tax-driven reorganizations, is available to answer your questions about this and other topics.