Posts tagged Socko.
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Weighing in on an issue that is drawing attention nationwide, the Pennsylvania Supreme Court recently held, in Socko v. Mid-Atlantic Systems of CPA, Inc., that the mere continuation of employment is not sufficient consideration to support a restrictive covenant. Rather, for there to be sufficient consideration, the Court held that the employee must receive “some corresponding benefit or a favorable change in employment status.” As examples of such sufficient additional consideration, the Court cited “a promotion, a change from part-time to full-time employment, or ...
Blogs
less than a minute
Most lawyers learn during their first year in law school that courts won't inquire into the adequacy of consideration for a contract and that, as a result, a "mere peppercorn" can constitute consideration. It's important to remember, though, that in many states, restrictive covenants are an exception to that rule.
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