“If you liked me as a vendor, you’ll love me as a competitor!” The importance of non-compete obligations in a sale of business contract

A standard inclusion in many sale of business contracts (or share sale agreements) is the promise of the vendor not to compete with the business post sale. Whilst, generally speaking, non-compete or restraint of trade obligations in employment contracts can be notoriously difficult to enforce, in the context of a sale of business there is [...]