Alexandria Amerine

Alexandria Amerine

Sheppard Mullin Richter & Hampton LLP

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Delaware Supreme Court Enforces Forfeiture for Competition Provision in Partnership Agreement

In Cantor Fitzgerald, L.P. v. Ainslie, No. 162, 2023, 2024 WL 315193 (Del. Jan. 29, 2024), the Delaware Supreme Court held enforceable a “forfeiture for competition” provision in a limited partnership agreement, upholding...more

2/16/2024  /  Competition , DE Supreme Court , Delaware , Employer Liability Issues , Non-Compete Agreements , Partnership Agreements , Partnerships

Missed Assignments: The Importance of Assignability Clauses in Restrictive Covenant Agreements

Imagine paying millions to acquire a company only to later discover the restrictive covenants in the employment agreements of high-level executives were unenforceable. That’s precisely what happened in Intertek Asset...more

2/22/2023  /  Acquisitions , Anti-Competitive , Business Transfer Agreements , Consent , Employer Liability Issues , Employment Contract , Employment Litigation , Non-Compete Agreements , Restrictive Covenants , Selling a Business
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