Simply stated, a non-compete agreement, covenant not to compete or restrictive covenant is a contractual agreement between two parties that restricts one parties rights under a particular factual scenario. For example, in the employment context, an employer provided non-compete will seek to restrict an employees’ ability to start a similar trade or profession upon leaving
Starting a business is often a rewarding, yet challenging endeavor. Ensuring that your business is profitable is likely at the forefront of your mind. It is also important to consider the types of business disputes that could arise after starting your business. Many new business owners are surprised to learn of the many types of business
Writing a business partnership agreement will help you and your partner carefully detail the terms of your business relationship. Whether you are part of a limited partnership or a limited liability partnership, it is important to take the time to write your partnership agreement carefully. Forming a business is exciting, and it can be challenging to consider
Starting a new business with a partner is exciting, but partnership disputes are bound to happen. Hopefully, you have spent time considering whether your partner is trustworthy and has a keen business sense. Most people who go into business together get along and feel excited about their new company’s future success. However, starting a business is incredibly
If you are a visitor to this blog, please see our prior blogs containing an extensive discussion of the types of business entities, the structure of LLCs, investing in real estate using LLCs, and collecting a judgment from LLCs. You may also want to read this introductory note on asset protection methods before reading further. This article will focus on some
With all the uncertainty of our present times, if you are about to open a small business, you may be considering subleasing some commercial retail or office space. While this could wind up being a savvy business move, it could also turn into your worst nightmare. So, how can you suss out which of the
Our office receives multiple calls every day touching upon some of the issues discussed in this article. Purchasing a commercial property in Virginia is a complex process that often requires the assistance of an experienced Virginia Real Estate Lawyer. Please feel free to call our office to discuss the following issues with respect to the
If you are a visitor to this blog, please see our prior blogs containing an extensive discussion of the types of business entities, the structure of LLCs, investing in real estate using LLCs, and collecting a judgment from LLCs. You may also want to read this introductory note on asset protection methods before reading further.
The coronavirus pandemic of 2020 has taught us to embrace our lives even when things seem out of our control. Many people have been laid off and are wondering what will come next for their careers. Many of us have had more time to consider our lives, including our career goals. If you have been
Virginia recently passed several new laws that affect guardianships, conservatorships, trusts, and estates. These new laws went into effect on July 1, 2020. One of these changes involves partition for allotment. Below, we will discuss what a partition for allotment is and how a new law changes the practice of partition for allotment.