Many people use the term “non-compete” interchangeably when referring to any employer-based restrictive covenant, and the possible disputes or contractual issues that may arise from one. In fact, this term is only one part of four main types of stipulations often found in employee contracts, and it’s important to know which one applies to you.
One of the most important signs that your business is succeeding is the need to hire more workers. This growth is a sign of confidence and optimism, not just for an individual business but also for the economy. And recently, it was announced that there was a six-point increase in job creation among small businesses last month.
Uber and Google are not the only two that can steal the intellectual property headlines. A recent settlement in a breach of contract lawsuit between Tesla and the maker of their autopilot feature on their cars briefly made people forget about the epic lawsuit between the two giants of the tech industry.
While the following story isn't happening in this country, it is still an important news story that highlights some critical aspects of contracts and contract disputes. This story is from Canada, where the management company for public transportation for the Greater Toronto area tried to cancel a contract they had with a rail car manufacturer from 2010.
As we have discussed on this blog before, contract disputes are complicated, but important, pieces of business litigation. Companies that enter into contracts (usually) have the best of intentions. However, unforeseen circumstances or logistical complications can make it difficult, if not impossible, for one party to fulfill its end of the contract. This is where a breach of contract can occur.
Contracts are formed with both symbolic and literal meaning. Symbolically, a contract represents a shared trust that two or more sides have with each other. Literally, a contract represents an agreed upon set of rules and guidelines for how the two or more sides will work together to achieve a common and mutually beneficial goal. Having the contract in written form and legally recognized is important, so that if one side doesn't hold up their end of the bargain, there is a legal process for the victimized side to seek justice.
In our last post, we talked about a lawsuit between Relativity Media and Netflix, one that stems back to 2010 when Relativity and Netflix were partners. Now locked in a breach of contract lawsuit, Relativity and Netflix are dealing with the public fallout from this. Relativity is also trying to claw its way out of Chapter 11 bankruptcy.
Drafting and signing noncompete agreements are decisions that should not be taken lightly. These documents can impose strict limits on employees and partner, and are often critical in protecting a company's interests.
The Fair Labor Standards Act, otherwise known as the FLSA, was put into place in order to keep employees like you safe from being mistreated at the workplace. Here at Kaufman & Forman, P.C., we understand that violations of the FLSA need to be dealt with swiftly and will provide you with information you need to handle the situation.
As a hard-working employee in Georgia, you deserve to have all of the protection available to employees under state law. We here at Kaufman & Forman, P.C., understand that wrongful classification can get in the way of this, and will work to help you determine how to right misclassifications.