In today's episode, I unfold the reality of the FTC’s proposal to nationally disband the non-compete clause. As it stands today, non-compete clauses are notoriously difficult to uphold so this proposal is arguably inconsequential. There are much more reliable ways to protect your business. Regardless if the proposal passes or not, I am teaching you alternative ways to safeguard your company from former staff seeking to recruit your employees or solicit your customers.
A non-solicitation provision is more effective and enforceable in the eyes of the courts. You cannot prevent a person from working but you can protect confidential information from being appropriated. This episode will help you strategize your onboarding agreements and prevent future litigation with former employees working in the same industry.
Key Takeaways:
[0:30] The FTC just entered a new proposal to nationally ban non-compete clauses
[1:00] The book is now available for preorder on Barnes and Noble!
[2:00] Non-compete clauses are currently very difficult to enforce in most states
[3:00] Most states limit enforcement geographically and within a reasonable timeframe
[4:25] Protecting your business with a confidentiality agreement or an NDA
[6:50] Understanding the difference between confidential, public and industry knowledge
[7:45] Non-solicitation agreements protect your business from losing customers and employees
Pre-Order Legalpreneur the book here to receive: Master class with Andrea, Legal Protection Playbook, and a Master Class Series with Experts. Don’t wait - Pre-Order Today!!!!
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Legalpreneur Inc 2022
