Legal Question in Business Law in Florida

key man non-compete provisions in federal statutes

I have been told that a federal statute developed less than 16 years ago provides significant protection to engineering firms from a key man leaving and going into competition with his former firm. Also, it has been mentioned that this statute may protect the original engineering firm to such an extent that non-competition and non-solicitation agreements related to clients and other employees may not provide as much additional protection to the original engineering firm as prior to this statute.

Please answer as to whether there is a difference created by whether the key man is a registered professional engineer, non-registered engineer or other professional designation.

How do I find more information and what statute is it?

The reason that I am asking this question is because non-compete/non-solicitation agreements by engineering firms have become a serious impediment to hiring new employees. Potential employees are going elsewhere because any type of such agreement is considered a serious negaative. I am interested in whether this statute makes such agreements somewhat or totally superfluos and therefore unnecessary.

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