Understanding Non-Compete Agreements

Non-Compete Agreements are designed to give you the power to prohibit employees from engaging in business with competitors. However, the potential criteria and enforceability of these agreements can be hard to discern, leaving business owners with a lot of questions. Details on Non-Competes vary widely from state to state, so it’s important to know your state and local laws. Stick around to learn more about how to navigate Non-Compete Agreements.

In this episode, we’ll cover:

  • What is a Non-Compete Agreement

  • Whether freelancers or contractors can or should sign a Non-Compete

  • General criteria for a Non-Compete: time, location, and scope/industry

  • Why Non-Competes are hard to create and enforce

  • States that will non enforce a Non-Compete

  • Additional criteria you might find in state laws about Non-Competes

  • Alternatives to Non-Compete Agreements

Need guidance on a non-compete? Email me at [email protected].

What were your key takeaways? Take a screenshot of this episode, add it to your Instagram Stories, tag @andreasagerlaw and let me know! Plus, follow our brand new IG, @legalpreneur!

This episode is sponsored by The Contract Vault: 

With 90 contracts and counting, The Contract Vault is your all-access pass to industry-specific template contracts. Our contract templates are constantly being updated to reflect new changes in the law, ensuring that you and your business are fully protected.

Plus, members of The Contract Vault have access to our Members-Only Facebook Group, where each month I teach deep dives on important topics that you need to know to protect your business. Think of it as your Business Legal School.

Check out The Contract Vault here! Use promo code ‘PODCAST’ for a special discount.

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Transcript

Disclaimer: 

The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020

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