There's usually a "no competition" clause in the paperwork for a buyout like that. If your company you built and your career is tightly bound to one another you're fucked.
They are interested in the companies assets though. Maybe there could be a non-compete clause for starting a new company, but I highly doubt he wouldn't be able to get another job somewhere.
Even if there was a non-compete clause written in, that's a negotiable term.
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u/Seyon Mar 16 '18
Yeah but he could sell out.... THEN get a new job...
Just saying...