Formulir Kontak

Nama

Email *

Pesan *

Cari Blog Ini

Non Compete Agreement Florida

Florida Non-Compete Agreements: What You Need to Know

Florida Non-Compete Agreements: What You Need to Know

Understanding Non-Compete Agreements

A non-compete agreement is a legal contract that restricts an individual from working in a similar business or profession for a specified period of time. These agreements are designed to protect a company's confidential information, trade secrets, and goodwill.

Enforceability of Non-Compete Agreements in Florida

In Florida, non-compete agreements are governed by statute FS 542.335. To be enforceable, a non-compete agreement must be:

  • In writing
  • Supported by adequate consideration
  • Reasonable in terms of duration, geographic scope, and scope of activities restricted

Verbal agreements that place a non-competition obligation on a party are not enforceable in Florida.

Exceptions to Non-Compete Agreements

There are a few exceptions to the enforceability of non-compete agreements in Florida. These exceptions include:

  • The agreement is overly broad or unreasonable
  • The employee was forced to sign the agreement without understanding its terms
  • The employee is not provided with adequate compensation for the restriction

If you are considering signing a non-compete agreement, it is important to speak with an attorney to ensure that you understand your rights and obligations.


Komentar