Episode 144
- Marisa Palmieri Shugrue
- Sep 14, 2023
- 1 min read
9/14/23
Topic: Questions to Ask About Noncompetes and Nonsolicitations
Guest: Dan Gordon & Donnie Shelton
In this episode we discuss:
How Dan and Donnie are not lawyers and this episode does not constitute legal advice
Why companies use noncompetes and nonsolicitations
How the legality of these agreements varies across states and why the rules may be changing on a federal level
The difference between the two types of agreements
The fact that some workers are working multiple full-time jobs, sometimes for competing companies
The role of "stay bonuses"
An example of an M&A deal falling apart due to lack of a noncompete/nonsolicitation
Why it's important to check with your attorney to update your agreements and see if your agreements are enforceable
Whether it's a good idea to enforce these agreements or not
Resources mentioned:
PMP Industry Insiders Episode 121 with Jean Seawright: HR Hot Topics: Noncompetes, Independent Contractors & Exempt Employees
Notable: "(Customers) are not necessarily loyal to your brand, they are loyal to your people." —Donnie Shelton
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