Question

larry has the largest pizza business in the city. he learns that henry is thinking of opening a competing pizza and pasta delivery business. larry gives henry $25,000 to not open his proposed business in the same city. which statement is correct?

Answer 1

Larry gives henry $25,000 to not open his proposed business in the same city. So, The contract is illegal and void.

• A non-competing agreement forbids a current or former employee from working against their employer for a set period of time after employment ends.
• Only employees or contractors are eligible for non-competing agreements, and those agreements must be in place for a sufficient period of time. A non-competing agreement cannot be enforced in this situation because Henry is not Larry's current or former employee, according to the evidence. Henry needs to use the $25,000 for his new pizza restaurant.
• Since Larry owns the biggest pizza shop in town, this is an illegal attempt to monopolize the pizza restaurant business in the city.

Learn more about Non-competing agreement, here

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