Florida Non-compete Agreement Template

As most other US states, Florida has a non-compete agreement (NCA) form. Companies sign this document with their employees to protect the information, technologies, and knowledge they have.

The main goal of the non-compete agreement template is to avoid leakages on the labor market and keep the firm’s critical information secret. The employee is required to sign the document at the beginning of their working experience in a particular company and must follow the rules for the entire working period and some time after retirement or dismissal. It is prohibited for workers to get a job in the same field and spread secret data about the working process.

The employee’s violation of this law causes legal penalties in the courts.

The Florida NCA Form includes 13 sections explaining the terms of the agreement and several fields that both parties should fill and sign the document.

The recipient (or employee) needs to enter the full name and get acquainted with all requirements.

The organization or its representative should select options on the types of behavior prohibited for workers and other peculiarities of the agreement.

Florida NCA Laws and Restrictions

Several trade and commerce laws secure the Florida NCA. As there were some modifications in the non-compete statute, the forms signed before 07-01-1996 are regulated by Sections 542.33 and 542.331 of the Florida Statutes. The ones signed after this date are regulated by Section 542.335.

These laws provide the companies’ stable economic development and secure them from unfavorable deterioration of customer relations and from putting the reputation at risk.

Restrictions

An organization determines the set of restrictions applied to the employee’s actions in the form. The restrictions should not violate the basic rights of the recipient.

Popular Local NCA Forms

A lot of organizations often prefer to prohibit their staff from turning into the company’s competition after the employment concludes. Different US states have different rules and policies involving non-compete agreements. Here are some of the most common local non-competes looked up by the users of this site.

Possible spheres of limitations

  • General Competitors. It is prohibited to participate in competitors’ business activities or organizations in the same field.
  • Business Practices. It is prohibited to conduct business activities on behalf of the company without written consent.
  • Specific Competitors. It is prohibited to participate in the working process of certain companies.
  • Clients/Customers. It is prohibited to communicate with former or current clients of the organization for personal, commercial goals or engage them in competitors’ business.
  • It is prohibited to conduct business negotiations or hire the company’s current or former employees.

Time Limits

The organization can select the timespan of the validity of the agreement. The available options are its effective date or the cancellation of the partnership between worker and company.

Payments

The company determines the presence and amount of purchase. The selection is based on the two possibilities:

  • One can pay a certain amount of money for the termination of the agreement,
  • There is no possibility to terminate the contract before the end of the agreement.

Other Florida Forms

We provide a range of key Florida forms to anyone striving for ease when dealing with various paperwork in the state.

Published: Feb 10, 2021