Question
Stacy is a Certified Public Accountant with a very profitable accounting practice in Providence, Rhode Island.Stacy sells her practice to Michael.When she sells the practice,
Stacy is a Certified Public Accountant with a very profitable accounting practice in Providence, Rhode Island.Stacy sells her practice to Michael.When she sells the practice, Stacy agrees not to open another practice in the entire State of Rhode Island for a 20-year period.Three years pass and Stacy opens another practice.Michael files a lawsuitto prevent Stacy from working in Rhode Island.Stacy claims that the contract is a restraint of trade and cannot be enforced.What is the likely outcome of Michael's lawsuit?Use legal theories and the facts to support your answer.
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