Business non-compete agreement lawyer Des Moines IAA Business non-compete agreement lawyer Des Moines, IA from the Law Group of Iowa is seasoned in helping clients with all kinds of business matters. Our team is knowledgeable in drafting and reviewing non-compete agreements that protect the best interest of our clients. Essentially, what a non-compete agreement states is that in exchange for a payment, the seller promises to not engage with similar types of business in that area for a designated period of time. The agreement may also instruct that the seller is not able to use confidential business information or share trade secrets with others.

But as your lawyer may warn, non-compete provisions have to be reasonable. We can evaluate whether an agreement is clear and straightforward so that all parties understand the agreement they are entering. Non-compete agreements usually prohibit a seller from being affiliated or working with other businesses in similar industries. What a non-compete agreement cannot do is prohibit a seller from working in other areas or with those in an unrelated Industry. 

Additionally, a non-compete agreement may be limited to a geographic area (which may or may not include where the seller had done business before). The exact area and timeframe that a non-compete agreement is enforced will vary based on the business and factors of the transaction.

An Iowa Business non-compete agreement lawyer in Des Moines knows how important it is to review business-related documents before signing on the dotted line. We have seen too many times business owners, sellers, and buyers entering contracts that do not have fair expectations for all parties, which can quickly lead to confusion and disputes. We know how to help stop litigation before it begins by looking for clauses or provisions that may cause issues later on. Here are examples of mistakes that may be found in non-compete agreements:

  • – The agreement cannot be enforced because there was lack of consideration.
  • – The agreement cannot be enforced because the competition restriction timeframe is much too long.
  • – The agreement cannot be enforced because a “one-size-fits-all” approach was used, which hadn’t factored in nuances that apply to each party or the transaction itself. 
  • – The agreement cannot be enforced because the competition restriction territory area has too large of a scope. 
  • – The agreement cannot be enforced because it was not properly updated as circumstances of the business, transaction, or applicable laws changed. 

 

The Law Group of Iowa

We are here to make sure that your business needs are protected, no matter what the future may hold for you. You can call on our team to assist you with legal needs, and not just business matters either. We are well-versed in personal injury law, family law, estate planning, elder law, and much more in between. A Business non-compete agreement lawyer in Des Moines, Iowa from the Law Group of Iowa is ready to take your call!