Contracts

Creating an effective employee contract is a vital step for any business. It sets the foundation for a clear, professional relationship between employer and employee.

In Florida, creating a business partnership is more than a handshake deal. It’s a commitment that requires a clear-cut agreement outlining the operational and financial aspects of your future company.

In recent months, we discussed the looming Federal Trade Commission (FTC) rule and likely vote to ban noncompete clauses in most employment contracts. The original rulemaking process raises concerns for Florida businesses that make use of these in their contracts.

Noncompete clauses have received significant attention in recent months. Employers use these as a means to protect trade secrets and keep employees from negotiating with competitors.

When starting a Florida business, it makes sense to get all the important details down in writing. This cuts out the gray area and provides peace of mind to business partners as they focus on growing what they’ve built.

In Florida, there are some types of contracts that must be in writing in order to be legally enforceable. Aligning your agreements with the standards we discuss here will protect you and your business from litigation down the road.