When is it Improper for the Seller of a Business to Solicit his Former Customers?
Jul 6, 2011
The purchaser of business goodwill will often require the seller to enter into an express "covenant not to compete" prohibiting the seller from engaging in the type of business that he sold. The seller will also often be required to enter into an express "non solicitation" agreement prohibiting him from soliciting his former customers. These practices are intended to allow the purchaser of good…