Non-Compete Clauses – Empty Words or Enforceable Provisions? – From The Globe and Mail
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