Can an consultant to a company be asked to sign a Non-Compete Agreement when that company is being acquired by another company.
My husband is a consultant for a company that is being acquired by another company. The acquiring company no longer needs his services. The acquiring company is asking my husband to sign a non-compete for nothing in return. They stated that he is not an employee of the company being acquired, so financial consideration is not on the table. The acquiring company is in Maryland. The company being acquired is in Maine. Is this legal?
1 Attorney answer
I suggest you have an attorney review the terms of the non-compete.