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Is the Biden Administration Eliminating Non-Compete Agreements?

On July 9, 2021, President Biden signed an Executive Order on Promoting Competition in the American Economy.  The EO outlines a need to create a fair, open, and competitive marketplace.  A lot of the areas identified are non-employment related areas such as cable/internet providers and costs, farming, and government contracts.  The EO does, however, contain a paragraph addressing non-compete agreements.  Specifically, the EO states that “the Chair of the FTC is encouraged to consider working with the rest of the Commission to exercise the FTC’s statutory rulemaking authority under the Federal Trade Commission Act to curtail the unfair use of Read more
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Noncompete Agreements Dallas TX

4 Types of Noncompete Agreements Your Employees May Need to Sign

Operating a business can be challenging, especially when managing employees, but an attorney can help design and implement restrictive covenant agreements to protect your company. You may not realize the different options in regards to these legal agreements. Here are some of the different types of restrictive covenant agreements and how they can protect your business. Non-competition Agreement The most common agreement is the non-competition agreement or “noncompete.” Noncompete agreements will prohibit your employee from working for a competitor of your company. This reduces the risk of a former employee competing with your business since they will have had an inside scoop Read more