Employers sometimes ask their employees to sign non-compete agreements which limit the employees from competing against the employer after their employment ends. These agreements are sometimes referred to as "covenants not to compete." In other words, if a person is employed and has signed a non-compete agreement, when their employement ends, their employer could try to prevent the former employee from continuing to work in the same business or industry. Lawyers are often asked if these types of agreements are enforceable in Florida.
When purchasing a business, there are many issues which need to be taken into account. This is true whether the buyer is purchasing the entity, such as a corporation or LLC, or just the assets. This blog entry is focused on what questions to ask when purchasing a business. Future blog entries will address the specific decisions to make regarding these questions. Hopefully, by reviewing these blog entries, you will learn enough to see the importance of getting good legal counsel when purchasing a business.