I am opening a business in Sioux Falls. I've heard that noncompete agreements are not enforceable. Is this true?

Noncompete agreements are worthless."

No, this is not true.  Unfortunately, some small business owners often believe that noncompete agreements "are not worth the paper they're written on." 

In South Dakota, noncompete agreements can be enforced under certain conditions.  For some small businesses, a well-drafted noncompete agreement is often one of its most valuable legal documents. 

About Swier Law Firm's Business & Corporate Practice Group

Swier Law Firm's Business & Corporate Practice Group handles the following types of cases:

  • Cyber Law and Cyber Security
  • Limited Liability Companies (LLCs)
  • General Partnerships and Limited Liability Partnerships
  • Joint Ventures and Strategic Alliances
  • C Corporations and S Corporations
  • Trademarks and Copyrights
  • Real Estate
  • Wind Energy Transactions
  • Corporate Governance
  • Corporate Dissolution
  • Conducting Internal Investigations for Boards, Board Committees and General Counsel
  • Preparing, Revising and Updating Governance and Compliance Materials, including Bylaws,
    Committee Charters, and Compliance Policies.

To learn more about business and corporate legal issues in South Dakota, contact Swier Law Firm.