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Posted on 4/23/24 at 3:35 pm to YumYum Sauce
quote:
How are private equity groups going to structure their deals with owners now? Or any buyouts for that matter.
quote:
The final rule does not apply to non-competes entered into by a person pursuant to a bona fide sale of a business entity
Posted on 4/23/24 at 4:36 pm to YumYum Sauce
quote:
How are private equity groups going to structure their deals with owners now? Or any buyouts for that matter.
The same way they do in states that don't allow them or they're largely unenforceable. Work it into the economics of the sale price or en employment contract with early term penalties.
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