Business Exit Client Considerations

Summary

Leaving a business in Michigan involves reviewing any non-compete or non-solicitation agreements, as these can restrict taking clients. Additionally, check the partnership agreement for clauses regarding client ownership. Understanding these agreements is crucial before making any decisions about taking clients to a new business venture.

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can I take some clients with me?
When leaving a business in Michigan, whether you can take clients with you depends on any existing agreements:
- Non-Compete Clause: Check if there's a non-compete agreement. This may restrict taking clients.
- Non-Solicitation Agreement: This prohibits soliciting clients from your former business.
- Partnership Agreement: Review for any clauses about client ownership.
Have you reviewed any agreements you might have in place with your current business partner?