Suppose that jack, hal, and sophia enter into an agreement in regards to the sale of the restaurant. the contract includes the non-competition agreement. a few months later, jack decides that he will sell the frozen food in violation of non-competition agreement, unless if hal and sophia agree to pay him an extra $100,000. hal and sophia agree, since they do not want to fight. six months later, however, they still have not paid and jack sues. what is the result?

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Business

Giovani Mcguire

10 December, 07:58

Suppose that jack, hal, and sophia enter into an agreement in regards to the sale of the restaurant. the contract includes the non-competition agreement. a few months later, jack decides that he will sell the frozen food in violation of non-competition agreement, unless if hal and sophia agree to pay him an extra $100,000. hal and sophia agree, since they do not want to fight. six months later, however, they still have not paid and jack sues. what is the result?

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Andreas Schaefer · Answer 1

In this case, both will have to go through a civil court in order to settle the issue. If Hal and Sophia decide to settle amicably, then Jack may drop the charges. However, a most likely scenario would be that Hal and Sophia would use the violation of the non-competition agreement as a defense for not paying Jack with Jack fighting back than an agreement was made despite the non-competition agreement. In the end, both parties will end up having to pay a hefty sum.