Box Company of America, LLC v. William V.Bostick was a case in North Carolina state court concerning a noncompete clause that the defendant claimed was overly broad. Bostick was an employee of CorTek for 13 years before it was purchased by Box Company of America (“Box”). The asset purchase agreement covered all assets of the…
Once upon a time, not too long ago, there was a contract and a client. The contract gave the client an option to buy a business based on obtaining three appraisals. After the first two appraisals were for the same amount, the seller told the client that he would waive the third appraisal. The seller tendered…
When we negotiate contracts with large corporations on behalf of computer programmers, app developers, and website developers, it’s like playing chess with someone who’s very good at the game—you have to assume that everything you write is going to be considered carefully. You’re not going to squeeze something by a big company; it has experienced, in-house counsel just…