A noncompete agreement with an employer may be challenged for a lack of consideration under the Uniform Written Obligations Act, the Pennsylvania Supreme Court has ruled, even if the agreement indicates that the parties “intend to be legally bound.”
In a 4-1 decision published Nov. 18 in Socko v. Mid-Atlantic Systems of CPA, the majority affirmed Superior Court and trial court rulings that said a noncompete covenant between plaintiff David Socko and his former employer, Mid-Atlantic Systems of CPA, was unenforceable because Mid-Atlantic failed to offer Socko any benefit or change in job status.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
