7. For over five years, Rick was the CEO of JB Guitars Inc, a corporation operating a chain of retail guitar stores. He had gained tremendous practical experi- ence and decided to start his own business selling guitars. He had entered into an agreement with IE Guitars when he first started working there under which he promised that he would not carry on a competing business for two years after he ended his employment with JB Guitars. To avoid breaching that contract, Rick incorporated a corporation named Generation X Guitars Inc to carry on the business. He is the sole shareholder, director, and president. Rick's old employer ciaims that the new corporation is just a way of getting around the non-competition agreement and has sued for a court order prohibiting Generation X Guitars from carrying a business com- peting with IE Guitars. Will JB Guitars be successful