I sold my salon.. legally how far i can open another one without getting sue

Get Legal Help Today

 Secured with SHA-256 Encryption

I sold my salon.. legally how far i can open another one without getting sue

I sold my salon.. legally by lay in katy tx how
far i can open another one without getting sue.

Asked on October 26, 2018 under Business Law, Texas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

You could open another one next door (or anywhere else) if you wanted unless you signed some contract or agreement with the buyer to not do so--in the absence of a contract to the contrary, there are no limits on competiting, including with your old business's buyer. However, since it is legal to contract to limit your right to compete, such as part of a sale of a business, if you did sign anything limiting where or when you can open a competing salon, you have to follow the terms of the agreement you entered into.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption