Expulsion in Operating or Shareholders’ Agreements requires clear procedures, triggers, decision-makers, fair repurchase prices, payment terms, and careful consideration of withholding circumstances to ensure fairness and productivity.
Explore the impact of Florida’s SB 1718 on employers with immigrant workforces, delving into the key provisions such as penalties for hiring unauthorized aliens and stricter employment verification requirements, and gain valuable insights to ensure compliance in the ever-changing legal landscape.
Discover the FTC’s proposed rule on noncompete agreements and its impact on career mobility. Stay informed for important updates and adjust corporate contracts accordingly.
If you’re planning to sell your business, choosing between an asset sale and an equity sale can significantly impact your returns and transition to future endeavors. Read on to learn more about the key considerations when selling a business.
Florida law imposes many requirements on parties attempting to enforce noncompete agreements—some of which can be commonly overlooked. As outlined in the article below, Section 542.335, Florida Statutes, imposes the familiar requirements that can take substantial time and resources to satisfy. In that effort to satisfy the statutory requirements, foundational […]
When someone hired by the company commits a wrong, the company’s potential exposure to liability varies greatly depending on whether the individual is classified as an “employee” or an “independent contractor.” In high-risk fields of service, like those involving security, “bouncers,” or other fields which may require a company to […]
When someone hired by the company commits a wrong, the company’s potential exposure to liability varies greatly depending on whether the individual is classified as an “employee” or an “independent contractor.” In high-risk fields of service, like those involving security, “bouncers,” or other fields which may require a company to […]
Referral relationships are a valuable business asset that can be difficult to protect with noncompete agreements. Depending on whether your company is seeking to enforce a noncompete agreement or defend against its enforcement, that difficulty can act to your detriment or in your favor. However, Florida courts have evaluated referral […]
Banks and credit unions should not only routinely require, but also closely scrutinize, criminal background checks during the hiring process in order to maintain compliance with applicable regulatory schemes. As lenders and depositories, banks and credit unions are subject to numerous regulatory schemes under both federal and Florida law. This […]
Staffing Agencies that seek to implement, or that otherwise encounter, noncompete agreements need to understand how noncompete agreements work and their typical application in the recruiting industry. This article describes the general principles associated with noncompete statutes and analyzes a case identifying certain “legitimate business interests” (which must be demonstrated […]