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Peter has a key employee, Gordon, who has been with the gym since it began. Gordon is popular with many customers and Peter is concerned
Peter has a key employee, Gordon, who has been with the gym since it began. Gordon is popular with many customers and Peter is concerned that he would lose significant business if Gordon were to go to another gym. To prevent Gordon from going to a competitor, Peter has offered him a 25% stake in newly formed AJI in exchange for entering into a five-year non-compete agreement. As part of his agreement with Peter and AJI, Gordon will also forgive $10,000 in unpaid compensation. What results to Peter, Gordon, and AJI
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