Summary
The Tax Court determined that a non-compete agreement executed in connection with a leveraged buyout of a motorcycle company by a M&A firm had economic reality since the firm would not have completed the transaction without the non-compete, and because th ...
Custom Chrome, Inc. and Subsidiaries v. CIR
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See Also
Original Issue Discount and Noncompete Agreement Considered in Connection With an LBO
The Tax Court determined that a noncompete agreement executed in connection with a leveraged buyout of a motorcycle company by a M&A firm had economic reality since the firm would not have completed the transaction without the noncompete.