Missouri
Hi everyone. I have a contract that I terminated, and I need to know if this non-compete clause is enforceable or not.
CLIENT (Me) agrees to non-competition: CLIENT shall not own, maintain an interest in, operate, consult with, teach or coach for, or otherwise cause or facilitate the operation of a business entity serving the mortgage brokerage/lending industry with comparable services as this MARKETING COMPANY (them) during the term of this agreement or for a term of three years subsequent to termination of this agreement.
To make a long story short, I belonged to a mortgage coaching group. They would provide marketing material and we would have a geographic area that we can advertise in with this marketing material. I decided to quit the group and start my own coaching group with my own marketing material to give other people who will join my coaching program.
I do not feel this is enforceable since it does not state a geographic area. In other words, this really states that I could not have a coaching group anywhere in the whole US.
Please advice.
Thank you!What is the name of your state?
Hi everyone. I have a contract that I terminated, and I need to know if this non-compete clause is enforceable or not.
CLIENT (Me) agrees to non-competition: CLIENT shall not own, maintain an interest in, operate, consult with, teach or coach for, or otherwise cause or facilitate the operation of a business entity serving the mortgage brokerage/lending industry with comparable services as this MARKETING COMPANY (them) during the term of this agreement or for a term of three years subsequent to termination of this agreement.
To make a long story short, I belonged to a mortgage coaching group. They would provide marketing material and we would have a geographic area that we can advertise in with this marketing material. I decided to quit the group and start my own coaching group with my own marketing material to give other people who will join my coaching program.
I do not feel this is enforceable since it does not state a geographic area. In other words, this really states that I could not have a coaching group anywhere in the whole US.
Please advice.
Thank you!What is the name of your state?