Episode 144 -- On this episode, Dan and Donnie discuss noncompete and nonsolicitation agreements. They cover what they are, how they're used in the pest and lawn industries, their importance when it comes to selling your business, and what questions to ask your lawyer before implementing them in your company.

Hosts:
Dan Gordon, PCO Bookkeepers & M&A Specialists
Donnie Shelton, Triangle Home Services

#businesscoach #homeservices #lawncare #entrepreneur #pmpindustryinsiders #lawncarebusinesssuccess #podcast #pestcontrol #businessadvice

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

For the full show notes and links to resources mentioned, visit:
https://www.pmpindustryinsider.com/po...