Restrictive covenants: Management non-competes

This month we focus on restrictive covenants in management employment agreements and the common pitfalls associated with them. What are restrictive covenants? A key focus in a buyer’s legal due diligence for the acquisition of a business will be the review of the employment (aka service) agreements of the target’s key directors and managers. A…

Adding to your team? Employee or consultant?

Many fund managers believe that it is better to hire new staff as consultants rather than employees. But consultants aren’t always cheaper than employees, and the undoubted advantage of flexibility may be offset by other factors. This article assesses the relative merits of consultant and employee status. For many fund managers, it is axiomatic that…