Restraint of trade: outgoing partners may be restricted from competing locally or for a period if restrictions are reasonable. An outgoing partner may carry on a competing business and advertise it, but, absent contract to the contrary, may not use the firm name, represent himself as carrying on the firm's business, or solicit customers who dealt with the firm before his departure. Partners may agree that an outgoing partner will not engage in a similar business within specified temporal or local limits; such restraints of trade are enforceable if the restrictions are reasonable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restraint of trade: outgoing partners may be restricted from competing locally or for a period if restrictions are reasonable.
An outgoing partner may carry on a competing business and advertise it, but, absent contract to the contrary, may not use the firm name, represent himself as carrying on the firm's business, or solicit customers who dealt with the firm before his departure. Partners may agree that an outgoing partner will not engage in a similar business within specified temporal or local limits; such restraints of trade are enforceable if the restrictions are reasonable.
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