QUESTION
Is my non-compete still valid after the company has been acquired?
Asked on Jan 22nd, 2013 on Employment Contracts - Georgia
More details to this question:
I signed a non-compete when I was hired. Since then, we've been purchased or merged three times. I have never been approached about updating the non-compete with the new companies. Is the document still valid?
1 ANSWER
Reviews not shown
1 Award
In a merger, the merged company has all of the contract rights of the parties to the merger. In other words, if your employer is merged into a larger company, the larger company then stands in the shoes of your employer with respect to all of the terms of your employment, without the need for any action (or consent, or "updating") on your part. Likewise, in a purchase, when the stock of your employer is acquired, there is no change in your relationship to your employer.
Answered on Jan 22nd, 2013 at 8:11 AM