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When "Noncompetes" Come Back To Haunt You

by Cliff Ennico

"Several years ago, I ran a small retail business in my hometown. I sold out to a competitor, who made me sign a noncompete agreement saying that I wouldn't run or own a similar business anywhere in my home state for a period of 10 years. I didn't think that would be a problem, as I had landed a job with a big corporation and never thought I would go back into that business. Well, the corporate job didn't pan out, and an old college friend of mine said he would provide me with financing ...

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