Lynn, MA asked in Business Formation for Massachusetts

Q: I'd like to purchase a local business, but I want to make sure the person

I'm buying it from doesn't turn around and start a competing business right away - what's the best way to handle this?

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1 Lawyer Answer
John Espinosa
John Espinosa
PREMIUM
Answered
  • Lowell, MA
  • Licensed in Massachusetts

A: A non-compete agreement as part of the purchase is one way to address that. You should have an attorney represent you in your purchase of the business to ensure that the documents reflect your intentions.

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