November 20, 2015

PA Supreme Court Holds that Valuable Consideration is Required for Post-Offer Restrictive Covenants

Philadelphia partner Dan Aiken and Philadelphia and Princeton associate Vik Jaitly published an article for the Drinker Biddle LaborSphere blog titled, "Pennsylvania Supreme Court Finally Kills Hope That Magic Words Can Substitute for Valuable Consideration in Exchange for Post-Offer Restrictive Covenants." The article discusses the Pennsylvania Supreme Court's decision in Socko v. Mid-Antlantic Sys. of CPA, Inc, which concluded that the Uniform Written Obligations Act ("UWOA") does not save a post-offer restrictive covenant that otherwise lacks consideration.

Read: Pennsylvania Supreme Court Finally Kills Hope That Magic Words Can Substitute for Valuable Consideration in Exchange for Post-Offer Restrictive Covenants

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