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

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