Many businesses in the state of Florida have trade secrets which greatly contribute to their success. To help protect those secrets, it is not uncommon for workers exposed to the information to be asked to sign a non-compete agreement. Because every business is a little different, these agreements vary from business to business.
In addition to trade secrets, non-compete agreements may be used to protect:
- Extraordinary or specialized training.
- Customer, patient or client good will.
- Substantial relationships with specific prospective or existing customers, patients or clients.
- Valuable confidential information.
What they all have in common is that they restrict where employees can work when they leave. In Florida, statute 542.335 pertains to non-compete agreements.