Why a business seller might want to propose locking itself up with a non-competition covenant

See also (list is generated automatically):

1. Signed Google’s non-competition clause, then got laid off According to a Valleywag report, Google asked employees of its recent acquisition DoubleClick to sign a new employment agreement.  The employment agreement contained a non-competition...
2. Buyer’s express disclaimer of reliance means no fraud claim against seller – Fifth Circuit In 2006, Capco Energy, Inc. bought some oil and gas rights in the Gulf of Mexico from Tana Exploration Co. Before the contract was signed,...
3. Warranty disclaimers for UK transactions should also disclaim “conditions” – oil seller fails to do so, leaves itself open to $3MM damage award If you’re a vendor doing a sales transaction under UK law (England, Wales, Northern Ireland), be sure that your warranty disclaimer addresses not just implied...
4. An NDA and a non-compete are not the same A commenter on Hacker News asked for confirmation that a nondisclosure agreement (“NDA”) and a non-competition covenant (“non-compete”) are not the same thing. That’s correct:...