Client Alert: FTC Noncompete Agreements
We just finished watching an open meeting of the FTC. By a vote of 3-2, the Commission voted to approve a final rule that would ban noncompete agreements (as well as require employers to rescind such agreements that are currently in effect). The dissenting commissioners believed, among other reasons, that the FTC did not have […]
Does Your Non-Compete Agreement Violate Federal Law?
As an employer, you are most likely very aware of your competitors for both customers and employees. You certainly don’t want to invest time and resources training an employee only to see them jump ship and work for a competitor, taking with them the knowledge, training, and proprietary information/trade secrets they gained in your employ. […]
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 […]
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 […]
