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A BADLY DRAFTED EMPLOYMENT AGREEMENT WITH SELLER’S OWNER ENDS UP IN COSTLY LITIGATION BETWEEN THE BUYER OF SELLER’S BUSINESS AND SELLER’S OWNER

The buyer hires the seller’s owner to be its vice president of sales, under a 5-year employment agreement, with the buyer’s right to terminate for cause. The agreement also gave the buyer the right to fire the seller’s owner at

Posted in Problem with seller owner's competition, problems with seller's employees Tagged with: , , , , , , , , ,

BUYER OF RESTAURANT ASSETS FACES LAWSUIT OVER EMPLOYEE WAGE AND HOUR CLAIMS

Federal court dismissed claims of former seller employees against buyer of restaurant assets because employees did not allege in their complaint that buyer had been aware of wage and hour problems at the restaurant or the inability of the seller

Posted in problems with seller's employees Tagged with: , , , , , , , , , ,

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