Insights

On April 23, 2024, the Federal Trade Commission (FTC) adopted a final rule, the “Non-Compete Clause Rule,” that bars non-compete provisions in restrictive covenant agreements. Under this rule, not only are not-compete provisions prohibited, but employers must provide notice to those currently under restrictive covenant agreements that the non-compete provision…

The new federal overtime rule, scheduled to take effect on July 1, 2024, increases the minimum salaries necessary to exempt executive, administrative, professional, and highly compensated employees from the Fair Labor Standard Act’s overtime pay requirements. Specifically, under the new final rule: On July 1, 2024, the minimum or “standard…

As a reminder, the deadline to file a 2024 Florida Annual Uniform Business Report for your Corporation, Limited Liability Company, Limited Partnership, or Limited Liability Limited Partnership to maintain its active status with the State of Florida is May 1, 2024. A late fee of $400 will be added to the…

Renewal options in a lease provide a tenant with crucial flexibility by ensuring the tenant can remain in a desirable location. But what happens when the lease stipulates the rent during the renewal term will be at “fair market value” or “at the then-prevailing rate for comparable commercial office properties”…

Florida landlords are often alarmed to learn their interest in their properties can be encumbered by liens arising from a tenant’s construction activities, even if the landlord was not involved in, or aware of, the work. Upon a sale of the property, the risk of tenant-initiated construction liens can become…