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However, Florida courts will rarely refuse to enforce a non-compete agreement due to its length or geographic scope. Instead, under Florida law, courts are required to "blue pencil" an impermissibly broad or lengthy non-compete agreement to make it reasonable within the limits of Fla. Stat. § 542.335. [26]
Research shows that non-compete agreements make labor markets less competitive, reduce wages and reduce labor mobility. [3] [1] While non-compete agreements may incentivize company investment into their workers and research, they may also reduce innovation and productivity by employees who may be forced to leave a sector when they leave a firm.
The Biden administration has issued a nationwide ban on the ability of employers to make their workers sign noncompete agreements, a move regulators said would help boost employee pay but which is ...
Shutterstock Wow! When I wrote an article on How Do I Get Out Of My Noncompete Agreement?, I found out that AOL Jobs readers have lots of questions about noncompetes, and I don't blame you. I get ...
The U.S. Federal Trade Commission has proposed a rule that would ban companies from entering or attempting to enter a non-compete agreement with a worker. The rule banning non-compete clauses in...
On December 18, 2015, Trendy Entertainment filed a lawsuit against him and Studio Wildcard at Florida's Eighth Circuit Civil Court in Alachua County. The company alleged that Stieglitz had violated the non-compete agreement by establishing Studio Wildcard, developing Ark: Survival Evolved, and hiring employees from Trendy Entertainment. At the ...
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