NetOffer.com Dallas Legal Services SuperBLOG postings for September 19, 2011

Posted by NetOffer in Dallas-Fort Worth-Arlington, TX on Sep 19, 2011

NetOffer.com Dallas Legal Services SuperBLOG postings for September 19, 2011

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Plano Non-Compete Covenants Lawyer Richard L. Armstrong says the Texas court has eased the enforcement of non-compete covenants. A company filed suit against its former employee for breach of contract and breach of fiduciary duty. The employee had worked for the employer since 1983 and rose to become a managing director. In 2005, he signed a Non-Solicitation Agreement and notice form stating that he wanted to exercise a stock option to acquire 3000 shares of stock of the parent company. At issue was whether a covenant not to compete signed by a valued employee in consideration for stock options -- designed to give the employee a greater stake in the company's performance -- was unenforceable as a matter of law because the stock option  [more info...]