Non-Compete Agreements: Are They Assignable Under Minnesota Law?
Despite frequent pronouncements by Minnesota courts that public policy disfavors non-compete agreements as partial restraints of trade, such agreements have become common tools for protecting an employer’s good will, confidential information, and trade secrets. While Minnesota law regarding the enforceability of non-compete agreements is fairly well established, it is less clear on the question of […]
Agreements to Agree: Are They Enforceable?
Eighth Circuit Clarifies When “Letters of Intent” Are Enforceable Under Minnesota Law Companies often use and characterize documents as “Letters of Intent” or “Letters of Agreement” in the course of negotiating. The wording of such documents will determine whether the document constitutes a binding contract or merely an “agreement to agree”—something Minnesota courts will not […]