Daily Archives: กันยายน 11, 2021

Are Non-Compete Agreements Enforceable In Louisiana

A non-competition clause can only prevent an employee from “managing or participating in an activity similar to that of the employer”. [16] The Louisiana courts have been careful to point out that “the law does not require a specific definition of the employer`s activity.” [17] Nevertheless, the non-competition rules, which contain overly broad definitions of the employer`s activity, are null and void under Louisiana law. [18] Employers should keep these issues in mind when asking employees to sign restrictive agreements. It is also important to know if potential new hires have a non-compete clause with a former employer. In some cases, the new employer may be held liable to the former employer if the hiring of the worker violates the agreement. Different rules may apply to situations in which a business is sold in whole or in part and a restrictive agreement is concluded between the buyer and the seller. . . .

An Agreement Without Consideration Is Void Under

An agreement concluded without consideration is void, unless it is expressed in writing and registered in accordance with the law applicable to the registration of 1 document, and it is concluded due to natural love and affection between parties who are close to each other; or unless…

Aig Agreement

The conclusion of the operation provided for in this Agreement shall be subject to obtaining all necessary administrative authorisations, the execution of the final document of the transactions and compliance with other conditions. AIG announces an agreement with the U.S. Treasury, the Federal Reserve Bank of New York and the trustees of AIG Credit Facility Trust for a recapitalization plan to accelerate the repayment of its liabilities to U.S. taxpayers. The plan accelerates the full repayment and shutdown of the New York Fed`s credit facility, simplifies current public investment, and sets in motion the U.S. Treasury`s exit steps, including the conversion of its preferred shares into common shares. AIG informs shareholders that, as provided for in the credit agreement, AIG is issuing preferred shares in favour of the United States to a trust. . . .