Noncompete Covenant Is a Marital Asset

Business Valuation UpdateVol. 1 No. 1
Legal and Court Case Update
October 1995
marital dissolution/divorce
marital dissolution

Sweere v. Gilbert-Sweere
534 N.W.2d 294
July 18, 1995
State Court
Court of Appeals


Marital property included a 25 percent interest in a business. Husband received the stock and wife received other marital assets based on an agreed value for the stock. They agreed that if husband sol ...

See Also

Sweere v. Gilbert-Sweere

At issue is whether the district court erred in finding that the gross proceeds from the sale of the parties' marital stock in a closely-held corporation did not include $200,000 designated as payment for a noncompetition agreement.