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September 15, 2024
Delaware Supreme Court Upholds "Forfeiture for Competition" in Partnership Agreement

In Cantor Fitzgerald, L.P. v. Ainslie (Del. Jan. 29, 2024), the Delaware Supreme Court reinforced the principle of “freedom of contract” by upholding a “forfeiture for competition” clause in a limited partnership agreement. This ruling, significant given Delaware's traditionally non-compete friendly stance, signals a shift in favor of enforcing sophisticated contractual agreements between parties.  Case […]

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