FAQ’s Regarding Florida Non Compete Agreements
What is a Covenant not to Compete?
A covenant not to compete, which is also known as a Most often called a non-competition agreement or a non-compete, is a covenant not to compete. It is a contractual promise by an employee not to compete with an employer. A non-compete “clause” can be apart of an employment agreement or, it can be written as a separate contract.
What is the Purpose of a Non Compete Contract?
The purpose of a non compete is to temporarily restrict an employee’s ability to engage in a trade or to use trade secrets of an employer during the length of time noted in the contract. It enables employers to bring lawsuits against employees who breach the contract and can prevent former employees from using their trade secrets obtained while employed.
What Can I Put in a Non Compete Agreement?
As an employer, you have the right to request that your employees refrain from competing against you. You must adhere to the law regarding employment and non-compete contracts by including certain information should you ever need to litigate a breach of contract. You must be able to state legitimate business reasons, be reasonable with your time and geographical areas. It is wise to consult with a Tampa non compete attorney to ensure that your contract is written properly and adheres to the law with regards to non-competes and Florida Labor Laws.
Do Non Compete Agreements Last Forever?
No. Generally, a non compete contract must be for a specified time as well as in a specific location.
Yes you can. In Florida, your employer has the option to terminate your employment
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