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  1. #1
    Join Date
    Jun 2009
    Posts
    1

    Default Effect of Non-Compete Clause After Termination of Franchise

    My question involves business law in the state of: All United States

    I was doing a franchise business of a brand. Early this year, i fed up with the support of the brand and started my own business on the same line. As a part of my franchise, i have signed an agreement which states that i will not compete with him either directly or indirectly for 2 years upon termination. Now the brand owner terminated me and asked me to close my new business. I have not used any of the materials, information, trade mark etc. For my new business, i have created everything new. Can anyone suggest what i need to do for my new business. I am ready to sell this business to someone (as i have created some IPs on the new business). IF i sell this to anyone, will there be any problem for the buyer. Please help

  2. #2
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    1,340

    Default Re: in Non-Competitive Clause

    If you are in violation of your franchise agreement's termination clause then you will need to correct that or face being sued.

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