Brokerage Cease And Desist

Summary

Non-compete agreements in Florida are enforceable if reasonable in duration, geography, and business scope. The FTCs 2024 rule bans most post-employment non-competes but has exceptions, including senior executives. Consult a Florida attorney for specific advice.

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We work at a brokerage in Florida. We previously were employed at another brokerage, but it was sold to new ownership in *. The new owners were awful and many people quit. We started our own brokerage in March and now the former employer is sending us and our agents Cease and Desists.
Hello ****, it seems like you're dealing with a complex situation. Here are some general legal points:
- Compliance with non-compete agreements, if any were signed with the previous employer.
- Cease and Desist letters are not legally binding, but ignoring them could lead to legal action.
- Consider seeking advice from a Florida-based attorney to review the situation and letters received.
Arent Non Competes now illegal?
In Florida, non-compete agreements are not illegal. They must be reasonable in terms of duration, geographical area, and line of business. However, their enforceability can vary case by case, so it's best to consult with a local lawyer.
What about On April *, *, the Federal Trade Commission issued its final rule imposing a nationwide ban on employers using post-employment non-competes with current and former workers.
The FTC rule you mentioned is applied nationwide but has some exceptions. For example, it does not apply to non-compete agreements entered before the rule's effective date. Consulting a lawyer would be the best course to understand its application in your case.
thats only for senior executives
Yes, the FTC rule has exceptions including certain high-paid employees. However, the specifics depend on various factors. It's recommended to consult a Florida-based attorney for a detailed review of your case. Would you like help finding a local attorney?