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Banker’s Non-Compete Struck Down in Virginia Court

In Nida v. Business Advisory Sys., 44 Va. Cir. 487 (1998), a loan officer resigned from a residential mortgage lender in Winchester, Virginia, and joined a competitor.

The lender sued the officer in a Virginia court for breach of a non-compete provision in an independent contractor agreement. The judge held for the officer, whose non-compete was overbroad and unenforceable as a matter . . .

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