Partners may, upon or in anticipation of a dissolution of the partnership, agree that none of them will carry on a similar business within the same municipality where the partnership business has been transacted or within a specified part thereof.
S.D. Codified Laws § 53-9-10
Dissolution of partnership--Agreement of partners to refrain from carrying on similar business, validity
Applied in 3 court decisions — leading case Communication Technical Systems, Inc. v. Densmore (1998)
Most recently applied in Aqreva, LLC v. Eide Bailly, LLP (October 2020)
Source: CivC 1877, § 961; CL 1887, § 3585; RCivC 1903, § 1279; RC 1919, § 900; SL 1929, ch 88; SDC 1939, § 10.0706 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.