The Firm

Protecting the Business Purchaser

4/11/2011 | Article By Michael L. Rich

Though more often discussed in the context of employment contracts, restrictive covenants are also extremely important in contracts for the sale of a business. A restrictive covenant provides an important protection to the purchaser by ensuring that he receives the full benefit of the goodwill of the business. In essence, it protects the business purchaser’s expectations.

More >