Defining Solicitation In Restrictive Covenant Agreements
August 2, 2011, 1:10 PM EDT
Law360, New York (August 2, 2011, 1:10 PM EDT) -- In Bessemer Trust Company v. Branin, the U.S. Court of Appeals for the Second Circuit held that an executive who sold his company and later joined a competitor could assist his new employer in a variety of ways to pitch his former clients without violating the law on nonsolicitation. This is an important development for service-sector businesses and companies that acquire them.
Francis S. Branin owned a company that provided financial advice to high net-worth individuals. He later sold his business to Bessemer and became...