Business Laws in North Carolina.

Governs formation, governance, mergers, dissolutions, and shareholder rights of North Carolina for-profit corporations.

Governs formation, operating agreements, management, and dissolution of LLCs. Substantially revised 2014.

Noncompetes must be (1) in writing signed by the party to be bound; (2) supported by valuable consideration (continued at-will employment is NOT sufficient); (3) reasonable in duration, territory, and scope; and (4) protecting a legitimate business interest. Courts generally will NOT blue-pencil overbroad provisions unless the contract expressly permits.

Provides civil remedies for misappropriation of trade secrets including injunctive relief, damages, unjust enrichment, and exemplary damages up to 2x for willful misappropriation.

Specialized Business Court with dedicated judges hears complex commercial cases including corporate governance, securities, antitrust, and intellectual property. Cases are specially designated. Rotating judges sit in Charlotte, Raleigh, Greensboro, Winston-Salem, and Fayetteville.

North Carolina's adoption of the UCC governing sales of goods, leases, negotiable instruments, secured transactions, and related commercial matters.