My question involves business law in the state of: California
I sold my moving company and signed a not to compete agreement (Directly or Indirectly) as part of the deal. I now want to start a truck rental business would I be in violation of the not to compete agreement if I did this? Please also note the following;
The business I sold was moving only, no revenue came from truck rental. The moving business operated under a Motor Carrier Permit (All vehicles with GVWR over 10,001 must have this is CA commercial or not) and a House Hold Goods Carriers Permit (Issued by CPUC For carriers of used house hold goods for hire, basically a moving permit) Truck rental requires the Motor Carrier Permit, but not the House Hold Goods Carriers permit. Is it safe to start the Truck rental business?
The agreement reads; Seller agrees that from and after closing shall not directly or indirectly do any of the following; Engage in or partisipate in a business operation that competes with the Business as conducted on the date of closing in any place in CA. This prohibition includes participation in a competing buiness as an owner, partner, member, shareholder, independent contractor, employee, consultant, agent or adviser.
I sold my moving company and signed a not to compete agreement (Directly or Indirectly) as part of the deal. I now want to start a truck rental business would I be in violation of the not to compete agreement if I did this? Please also note the following;
The business I sold was moving only, no revenue came from truck rental. The moving business operated under a Motor Carrier Permit (All vehicles with GVWR over 10,001 must have this is CA commercial or not) and a House Hold Goods Carriers Permit (Issued by CPUC For carriers of used house hold goods for hire, basically a moving permit) Truck rental requires the Motor Carrier Permit, but not the House Hold Goods Carriers permit. Is it safe to start the Truck rental business?
The agreement reads; Seller agrees that from and after closing shall not directly or indirectly do any of the following; Engage in or partisipate in a business operation that competes with the Business as conducted on the date of closing in any place in CA. This prohibition includes participation in a competing buiness as an owner, partner, member, shareholder, independent contractor, employee, consultant, agent or adviser.
Business Disputes: Not to Compete Agreement
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