November 15, 2010
The hearty and ferocious Atlanta-based attorney Justin Daniels has advised us that the Georgia amendment for the new non-compete law has passed.
This means that any new employment agreements with non-compete and non-solicit provisions will be interpreted under the new law while the existing executed employment and partnership agreements will be interpreted under the old law.
This new law from his initial review is much more employer friendly and may present the opportunity to revise existing employment agreements in a fashion that is more favorable to employers.
This will also impact the founders of our Accelerator (startups) clients who leave established companies to strike out on their own who may find themselves in likely litigation under this new law.
Justin is thoroughly familiarizing himself with this law.
Let’s be part of the Solution.
Brian Patrick Cork