M&A Foundations · glossary
Restrictive covenants given by the seller: a non-compete stops it competing with the business it has just sold for a period; non-solicits stop it poaching the employees or the customers. They must go no wider — in scope, territory or time — than needed to protect the goodwill sold, or a court will not enforce them. Clause 11 · Chapter 15
Explained in Chapter 15, Completion and Beyond, of M&A Foundations.
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