ARTICLE
10 September 2019

How NY-Based Investment Managers Can Craft Enforceable Non-Competes

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Pryor Cashman LLP

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A premier, midsized law firm headquartered in New York City, Pryor Cashman boasts nearly 180 attorneys and offices in both Los Angeles and Miami. From every office, we are known for getting the job done right, and doing it with integrity, efficiency and élan.
Courts in New York have long required that non-competes and other post-employment restrictive covenants be supported by adequate consideration in order to be enforceable.
United States Wealth Management

Courts in New York have long required that non-competes and other post-employment restrictive covenants be supported by adequate consideration in order to be enforceable. In a recent article in Hedge Fund Law Report, partners Jon Shepard and Eric Dowell "provide practical advice on how to draft non-compete language that is likely to be held enforceable even where there is no provision for that pay during the subject non-compete period."

The article can be read in its entirety here, and a link to their previous article explaining how non-reliance clauses are treated by New York courts can be found here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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