CMN 447 Lecture Notes - Lecture 2: Trade Secret

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Read the following extract from a share purchase agreement. For this purpose, competing business means a business: (a) which involves any business carried on by the company as at. Completion; and (b) which is carried on within the area in which the company carries on business as at completion. 5. 2 neither of the vendors shall within a period of two years after completion, directly or indirectly, solicit or endeavour to entice away from the. Company, offer employment to or employ, or offer or conclude any contract for services with, any person who was employed by the company at any time during the year prior to completion. Company, on whom the vendor may have relied in agreeing to any term of this agreement or any statement set out in the disclosure letter and the vendor undertakes not to make any claim in respect of such reliance.

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