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“It’s reasonable and that’s in compliance with the statutes, and the floor statute on non-compete governs, which provides presumptive reasonableness as far as scope, geographic location, and what’s protected under the statute. That means it has to have a legitimate purpose and it must be reasonable as far as time duration, all that’s included in the statute. So when you’re drafting a non-compete, you want to make sure it’s in compliance with this statute.”
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Palm Harbor, FL business litigation attorney Drew K. Patterson talks about drafting a non-compete agreement that is enforceable. He explains that ensuring compliance with the applicable statutes, specifically the floor statute on non-compete agreements, is essential to maintain reasonableness. This statute establishes a presumption of reasonableness regarding the scope, geographic location, and protected aspects of the non-compete agreement. It mandates that the agreement must serve a legitimate purpose and be reasonable in terms of its duration. All these requirements are encompassed within the statute. Therefore, when drafting a non-compete agreement, it is crucial to ensure that it adheres to the provisions outlined in this statute to maintain compliance.