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I signed an employment agreement 6 years into a 7 year term. On the 7th year, they decided to not renew our agreement. When reviewing my agreement I noticed the corporate name was incorrect and wasn't the complete name. Does this mistake make the agreement invalid? They are trying to hold me to the non compete in the agreement. I was also given 10% shares of the company for starting the business for them. We did a redemption agreement for a specific amount and they never paid me. Are employment agreements for employees valid for share holders and officers of the company or should there have been a different one.

Thanks

FD_bfa
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steve
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1 Answers1

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Does this mistake make the agreement invalid?

No. Having worked at that company for six years already, it will be extremely easy for the company to prove that you clearly knew with which entity you were entering the contract. That is what matters in contract law. Thus, the discrepancy of name in te contract is inconsequential. This is similar to what I explained in this other answer.

Are employment agreements for employees valid for share holders and officers of the company or should there have been a different one.

In the U.S., there is no prohibition to that effect. What matters is that the parties' rights and obligations are stated and accepted with reasonable clarity.

Iñaki Viggers
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