The Southern Baptist Convention’s publishing arm LifeWay Christian Resources and the organization’s former president Thom Rainer announced Tuesday that they have come to “an amicable resolution of their differences” heading off a potentially embarrassing breach of contract lawsuit.
“LifeWay Christian Resources and former CEO Thom Rainer have agreed to an amicable resolution of their differences after discussions on Monday, Oct. 5, 2020,” LifeWay and Rainer said in a joint statement to The Christian Post.
LifeWay alleged in a lawsuit filed Sept. 28 in Williamson County, Tennessee, that Rainer violated a transition agreement he signed with the SBC publisher upon his 2019 retirement to not do business with their competitors. The agreement under which he was reportedly paid in excess of $1 million, prevented him from doing business with LifeWay’s competitors until Oct. 31, 2021.
In August, however, Tyndale House Publishers, which is specifically listed as a LifeWay competitor in the…
… Read More
—-
Click Read More to read the rest of the story from our content source/partners – The Christian Post.