Advisory Opinion:
1384
Year Issued:
1990
RPC(s):
RPC 5.6
Subject:
Restrictions on right to practice; non-compete clause in contract with retiring partner
The Committee reviewed the contract provision regarding the retiring partner as submitted with your inquiry. The Committee was of the opinion that if this is an actual retirement agreement, and not an agreement in settlement of a controversy, there is no violation of RPC 5.6. However, the Committee could render no opinion on the validity of the liquidated damages provision.
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