The Friedmann firm urges executives and high level leadership to secure experienced legal counsel as changes occur in pay transparency and multi-state non-compete laws.
-- Mergers and acquisitions are accelerating across the Midwest, so incoming top-tier executives face an unprecedented legal minefield. Multi-jurisdiction compliance is more challenging than ever, with differences across states in how executive compensation contracts are governed. The Friedmann Firm provides counseling and tailored legal advice to high-earning professionals to effectively address this increasing vulnerability by assisting them with a “golden handcuff audit.” The idea is to provide clients with a personalized legal review that protects them when accepting new roles that may impact or restrict future career opportunities.
Peter Friedmann of The Friedmann Law Firm said the following:
“In today’s climate, we have first-hand knowledge of the various challenges that leadership and executives face. Executive contracts can be complicated, and it's not always clear what restrictive covenants may be enforceable, and how regulatory postures differ between states. Because of this, we encourage executives to seek top-quality legal advice before signing any new executive compensation contracts. Boilerplate executive agreements are insufficient to adequately protect the executive. Our golden handcuff audit makes sure that executives' new opportunities don't undermine their future marketability or expose them to legal and professional vulnerabilities.”
The multi-state threat to incoming executives is significant, especially when they're headhunted or absorbed during M&As. Sometimes they face restrictive covenants on where they can work, but there may be differences in non-compete rules between different states. There may also be variations in trade secret enforcement and where the boundaries on intellectual property lie when leaving a regional competitor and moving to a new organization.
The Friedmann Firm helps clients navigate these issues and provides them with a clear roadmap forward. The experienced executive attorneys at The Friedmann Firm are able to give board members, corporate officers, and incoming executives the preparation they need to negotiate their new terms. This pre-pen to paper review provides clients with all of the information and visibility they require to make the best possible decisions moving forward. For many executives transferring to new firms, this initial investment is often worth the distinct advantage they gain in the Midwest market.
For more information about The Friedmann Firm, use the contact details below:
Contact Info:
Name: Peter Friedmann
Email: Send Email
Organization: The Friedmann Firm
Address: 3740 Ridge Mill Dr, Hilliard, OH 43026
Phone: 380-205-0305
Website: https://www.thefriedmannfirm.com/
Release ID: 89199729
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