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every state has a different rule on
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non-compete agreements
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florida has a very a statutory basis for
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them
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where you look at what the covenant
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covers what it’s entitled to protect
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in general a restraint of trade and a
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covenant not to compete as a restraint
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of trade is
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unlawful except the statute in florida
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allows for them under certain
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circumstances
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you can protect trade secrets business
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secrets things like customer lists uh
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existing clients other employees
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those are considered interests that can
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be protected so what they’re
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really designed for is to prevent an
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employee from
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taking the business owner’s customer
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list going down the street
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starting another competing company and
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then immediately soliciting all of the
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client the business’s customers
00:51
some businesses try to write them much
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broader than that to simply prohibit
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the employee from being in that business
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at all and there are
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varying shades of grey of what’s
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enforceable and what’s not
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so anyone who’s looking at or been asked
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to sign a covenant not to compete
01:08
should have it reviewed by a lawyer
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before they sign it
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so they actually understand what they’re
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giving up