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Suppose that jack, hal, and sophia enter into an agreement in regards to the sale of the restaurant. the contract includes the non-competition agreement. a few months later, jack decides that he will sell the frozen food in violation of non-competition agreement, unless if hal and sophia agree to pay him an extra $100,000. hal and sophia agree, since they do not want to fight. six months later, however, they still have not paid and jack sues. what is the result?

Respuesta :

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In this case, both will have to go through a civil court in order to settle the issue. If Hal and Sophia decide to settle amicably, then Jack may drop the charges. However, a most likely scenario would be that Hal and Sophia would use the violation of the non-competition agreement as a defense for not paying Jack with Jack fighting back than an agreement was made despite the non-competition agreement. In the end, both parties will end up having to pay a hefty sum. 
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The result is hal and sophia would win, since jack already had a prior existing legal duty to not compete with them

Further explanation

Suppose that Jack states that he would sell the restaurant with the non-competition agreement for an extra $100,000. Hal and Sophia say they will buy the restaurant, but will only pay an extra $75,000 for the non-competition agreement. Jack says no to this counteroffer. Hal and Sophia then say they will pay $100,000 for the non-competition agreement.  Therfore they now have a valid contract

Whereas suppose that jack, hal, and sophia enter into an agreement in regards to the sale of the restaurant. the contract includes the non-competition agreement. a few months later, jack decides that he will sell the frozen food in violation of non-competition agreement, unless if hal and sophia agree to pay him an extra $100,000. hal and sophia agree, since they do not want to fight. six months later, however, they still have not paid and jack sues. The result is hal and sophia would win, since jack already had a prior existing legal duty to not compete with them

Learn more

  1. Learn more about the non-competition agreement https://brainly.com/question/4316416
  2. Learn more about the sale of the restaurant https://brainly.com/question/909050
  3. Learn more about jack, hal, and sophia https://brainly.com/question/4306876

Answer details

Grade:  9

Subject:  business

Chapter:  the non-competition agreement

Keywords:  the non-competition agreement, a valid contract,  the stock market, the frozen food, the negotiations

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