Stone & Bellus: Non-Compete Agreement Attorneys

At its core, a restrictive covenant seeks to prevent a company or a person from engaging in a specific action. It can take the form of a non-compete agreement, a non-solicitation agreement, non-disclosure agreement, and various other documents. Whether restrictive covenants – in any form – are enforceable or not, and to what extent, is dependent on state laws, and those laws can vary widely between states. A restrictive covenant can often apply to employee-employer contracts, and both parties need to understand how state and federal law can impact these agreements. A non-compete agreement can be drafted into real estate documents and restrict or prohibit use of the property. Restrictions can certainly impact the value of real estate assets – negatively or positively, and it is important to have legal counsel who understands the implications of any restrictions.