Comment Re:Unlawful (Score 1) 119
https://www.legis.nd.gov/cenco...
9-08-06. In restraint of business void - Exceptions.
A contract by which anyone is restrained from exercising a lawful profession, trade, or
business of any kind is to that extent void, except:
1. A person that sells the goodwill of a business and the person's partners, members, or
shareholders may agree with the buyer to refrain from carrying on a similar business
within a reasonable geographic area and for a reasonable length of time, if the buyer
or any person deriving title to the goodwill from the buyer carries on a like business in
that area.
2. Partners, members, or shareholders, upon or in anticipation of a dissolution of a
partnership, limited liability company, or corporation; upon or in anticipation of a
dissociation of a partner or member; or as part of an agreement addressing the
dissociation or sale of a partner, member, or shareholder's ownership interest, may
agree that all or any number of them will not carry on a similar business within a
reasonable geographic area where the partnership, limited liability company, or
corporation business has been transacted, or within a specified part of the area.
Above is the reference to North Dakota Century Code on this topic, and also the relevant text. This new federal legislation is VERY similar to the protections that North Dakota Workers have enjoyed for quite some time. In fact the language is so similar I wonder if our laws were not used as the model for the proposed federal statute.