We often sign contracts without fully understanding the meaning of legalese and how it transcends into business reality. This is an interesting article from the Globe and Mail by Tony Wilson, a leading Canadian franchise lawyer. He provides real advice on how to draft non-compete clauses more carefully in order to make them reasonable in the circumstances, limited in time and geographic scope, non-restraining for trade in general, and therefore enforceable in courts. At the end of the day, it is about substance over form. The non-compete provisions of the contract, therefore, must match the intention of the parties and protect their business interests to the maximum. Click HERE for a full version of the article.
Posted by Elina Stolyar, Range Corporate Advisors