Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mark operated an automobile repair and tow shop in Boston Massachusetts. After accepting a job in another city, Mark closed the shop and sold his

Mark operated an automobile repair and tow shop in Boston Massachusetts. After accepting a job in another city, Mark closed the shop and sold his tow trucks to Robert and Bess Daly, who opened a business called Boston Towing Company. The contract for the tow trucks included the following provision: Covenant Not to Compete. Seller agrees not to engage in the business of towing or to commit any other acts detrimental to the business operated by the Buyers. Mark soon became dissatisfied with his job and returned to Boston and opened a business called Mark Tow Services. The Dalys sue him for violation of the covenant not to compete. Should the court enforce the agreement? If the Dalys had asked for your recommendation on improving the covenant not to compete PRIOR to signing, what would you advise?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Essentials Of Machine Learning In Finance And Accounting

Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin

1st Edition

0367480816, 978-0367480813

More Books

Students also viewed these Finance questions