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I have a simple question. I sold my company to a firm. As part of the contract they included a condition stipulating that I could not work for or start a business in the same industry for 5 years. I currently work for them as my payout is over 3 years. My question is: Is this clause enforceable. And is it enforceable beyond the border of Canada. Thank you.
Thank you for your question. Non-competition and non-solicitation clauses may be enforceable depending on the specific wording of the clause and the surrounding facts. In order to assess the enforceability of your specific clause, we recommend you consult with a lawyer who can review the clause in more detail to understand whether it would be enforceable.