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Buyer (and Seller) Beware: The FTC Is and Will Come for Your M&A Non-Competes

Shephard Mullin M&A

related to its 2021 acquisition of sixty fuel outlets from Corrigan Oil Company. Edgewood Partners Insurance Center, Inc. , “where the restrictive covenant is bargained for as part of an asset sale—rather than an employment agreement—the courts will typically enforce it” to protect “the integrity of the transaction.”