Companies ceasing business in France may still have to pay financial consideration under employee non-compete clauses.

Publication: Corporate Counsel

Publication Date: 01-AUG-05

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COPYRIGHT 2005 American Lawyer Media L.P.

FRANCE

Coudert Brothers LLP

Paris

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A company stopped its activity and did not revoke one employee's non-compete clause. The employee then claimed financial consideration. The company raised the defense that since it had ceased its business, the clause had become void.

The French Supreme Court...

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