How long are most non-compete agreements?

However, most courts will assume that agreements up to 2 years are reasonable. Some judges will find agreements under 3 years reasonable because there is a related statute finding 3 years reasonable when there is a former business owner selling a business.

What is the length of a non-compete?

six months
The period for non-competition is typically six months to two years.

How common are non-compete agreements?

Noncompete clauses have become ubiquitous. A February 2021 study in the Journal of Law and Economics found that 18\% of U.S. employees are bound by noncompete agreements. One-third did not learn of the requirement until after they’d accepted the job.

How much is my non-compete agreement worth?

The value of a non-competition agreement is represented by the present value of the cash flows that would be lost if the covenanter were to compete, adjusted for the effective probability that the covenanter would compete, and compete successfully.

What are the reasonable time limitations in a non-compete agreement?

Section 542.335 (1) (d) (1) through (3) lays out rebuttable presumptions for reasonable time limitations contained in non-compete agreements. Where a party seeks to enforce a non-compete agreement against a former employee, agent or independent contractor, the court “shall presume reasonable” any time period of six months or less.

How long does a non-compete have to be enforced in Florida?

Where a party seeks to enforce a non-compete agreement against a former employee, agent or independent contractor, the court “shall presume reasonable” any time period of six months or less. Likewise, non-competes in this category containing a time duration greater than two years shall be presumed unreasonable. Fla. Stat.

Can a non-compete agreement be enforced against a former employee?

Where a party seeks to enforce a non-compete agreement against a former employee, agent or independent contractor, the court “shall presume reasonable” any time period of six months or less. Likewise, non-competes in this category containing a time duration greater than two years shall be presumed unreasonable.

Are geographic restrictions enforceable in non-compete agreements?

But courts may enforce broad geographic restrictions in non-compete agreements with very high-ranking employees.