A covenant not to compete is a provision contained within a contract that precludes an individual, generally an individual providing a professional service, from competing with a previous employer for a set number of years and a set geographical distance. These types of clauses are disfavored by Courts in Pennsylvania, but are enforceable if supported […]
For a contract to be enforceable in Pennsylvania there must be consideration. Consideration consists of a benefit to the promisor or a detriment to the promisee. If there is no consideration between parties then there can be no contract. A little known exception to this rule is found in a Pennsylvania statute […]
The single most important reason why individuals form corporations or LLC’s is to shield themselves from individual liability. The usual risk to the individual is limited to his/her monetary/non-monetary investment in the business. If the veil of a corporation or LLC is pierced, the debts of the entity are also treated as debts of the […]