Restrictive Covenants and Partnership Agreements

This article examines the ethics of common partnership restrictive covenants, including non-compete and forfeiture-for-competition provisions, notice of withdrawal requirements, prohibitions on solicitation of partners, employees, and clients, and restrictions on using and taking documents, and suggests ways for firms to ethically protect the firm's interests.

41 minute readNovember 02, 2013 at 12:00 AM
By
Cara E. Greene
Restrictive Covenants and Partnership Agreements

A partnership is the legal framework around which many law firms are organized, and the partnership agreement is the final word in the rights and responsibilities of the firm's partners.

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