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Basic Ontario Employee Non Compete Clause Enforceable No More - YouTube
Channel: Ira Smith
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my name is ira smith
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president of ira smith trustee and
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receiver inc
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first
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we hope that you and your entire family
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are remaining safe healthy and secure
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during this coronavirus pandemic
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ira smith trustee and receiver inc
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remains fully operational both brandon
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smith and myself
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are holding all meetings by telephone or
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video
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so if you have any questions at all
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shoot us a message
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give us a phone call we would love to
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speak with you
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today's brandon blog is titled
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basic ontario employee non-compete
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clause enforceable
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no more
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i hope you can watch until the end of
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this video
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because i know you will get value from
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it
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this brandon blog
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doesn't have
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much to do directly
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with either insolvency
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or
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the estate trustee work that we do
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but it is an important topic
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because it does come up many times
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in the restructuring of companies
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on november 30
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2021
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ontario's minister of labor training and
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skills development
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monty mcnaughton
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announced the passing
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of
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bill 27
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working for workers act 2021
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which amends the ontario employment
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standards act
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brandon describes in the blog below
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how
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these amendments
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now make
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non-compete clauses in employment
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agreements
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or agreements arising from
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employment no longer
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enforceable
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and therefore cannot be entered into
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anymore
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it is unclear
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and we don't believe it applies to
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existing
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non-compete agreements
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but for any new ones after november 30th
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for sure
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you cannot enter into
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new restrictive covenants
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of non-compete clauses
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so brandon goes through
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what is a non-compete clause
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historically have canadian courts
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enforce them and found them valid
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he then discusses if
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you
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are a former employee you had a
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non-compete clause you competed and the
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court found that
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your non-compete clause was actually
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enforceable and now you had a big
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judgment claim against you
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would an insolvency proceeding help get
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you out of that judgment the answer is
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no
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then goes through
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the new ontario employee friendly
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legislation
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that makes
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non-compete clauses
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no longer available to employers
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the
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others of
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bill 27
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what are they brandon goes through that
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and then brandon goes through
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so if a non-compete clause cannot be put
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into an employment agreement anymore
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how does a company protect its
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legitimate business interests and
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brandon describes a very simple
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three-step
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approach
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employers can use
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to protect their business interests
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so i hope you will read the entire blog
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below
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because i know
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you will get value from it
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again
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the ira smith team hopes that you and
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your entire family are remaining safe
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healthy and secure during this
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coronavirus pandemic
[288]
ira smith trustee and receiver inc is
[292]
fully operational
[294]
both brandon smith and myself
[297]
are handling all meetings either by
[300]
telephone or video meeting
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so if you have any questions at all
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either about this brandon blog or
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anything else at all
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give us a phone call shoot us a message
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we would love to hear from you
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you
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