Cole Schotz P.C.’s Post

I was happy to share my thoughts with Law360, together with my partner Ching-Lee Fukuda, to address the IP issues surrounding the FTC's new ban on non-competes. The ban, if it goes into effect as designed, will make it more challenging for businesses to protect their IP. #protecting IP #IPlitigation #noncompetes

A second court ruling on the FTC’s Non-Compete Rule has been issued! Unlike the previous decision to block the rule, this ruling supports the FTC's authority to enforce the ban on non-compete agreements. Read Randi Weller Kochman and Marissa Mastroianni’s latest article to stay informed on the ongoing legal battles and evolving opinions on the Rule before it goes into effect nationwide in September. https://lnkd.in/eZKJCyp9 #employmentlaw #noncompetes #compliance #ftc

FTC Non-Compete Ban Enjoined Nationwide -- Today, August 20, 2024, Judge Ada Brown, a Texas USDC judge, issued a nationwide injunction prohibiting the implementation of the Federal Trade Commission ("FTC") Rule that would have essentially banned existing non-compete agreements and precluded the adoption of new restrictive covenants. The ruling is a relief to employers who worry about unfair competition and protecting their investment in confidential and proprietary information. #FTCNonCompeteBan #RestrictiveCovenants #EmployersNeedtoKnow #NonCompetition You can read the Order here:

A federal judge in the U.S. District Court for the Northern District of Texas has issued a preliminary ruling enjoining the Federal Trade Commission’s (“FTC”) recently enacted rule prohibiting non-compete clauses. A final ruling is expected in August. This Olshan Frome Wolosky LLP client alert, authored by partner Michael Passarella and associate Natasha Menell, serves as an update to our previous client alert on the FTC’s non-compete ban. #OlshanLaw #ClientAlert #FTC #NonCompeteClauses #NonCompeteBan #EmploymentLaw https://lnkd.in/eswuaPPG

The FTC ban on non-competes is big news indeed though I have to say I’m not surprised. Too many people came out against them for the FTC to ignore. This ruling will be challenged for sure. But if you haven’t started preparing for this potentially huge shift in the way departing employees are going to view this (as in “woohoo!!! I can take clients, customers and all the stuff I worked on with me when I go!”) please get started now. There are of course other ways to protect trade secrets, including with our #insurance! Add this to the SECs requirement that public companies disclose when a “material” asset is exfiltrated from the company and there seems little choice other than to determine which assets qualify as trade secrets before they walk out the door (then you can value them, apply proper measures commensurate with that value and let people know those assets are YOURS). We will be reposting some of our prior content on how to prepare for this ruling in case it happened. Stay tuned! And please reach out to us if you need help identifying, valuing, protecting, or insuring your #crownjewels. Info@crownjewelinsurance.com. https://lnkd.in/gHyhY2CE. Crown Jewel® Insurance #tradesecrets #tradesecretinsurance David Pardue

Important IP issues highlighted by Mary here!

💻 Our Weekly Blog is LIVE! FTC Joins California in Banning Noncompetes Highlights include: - FTC Nationwide Ban on Noncompetes - Implications and Legal Framework - Exploring Alternatives Don't miss out! Click now: https://lnkd.in/gZC8RSj5 #FTC #NoncompeteBan #LegalNews #BusinessLaw #EmploymentLaw #TradeSecrets #shawlawblog Jennifer Shaw and Melissa Whitehead

The U.S. District Court for the Northern District of Texas has struck down the Federal Trade Commission's proposed nationwide ban on non-compete agreements, preventing it from taking effect on September 4, 2024. While an appeal is expected businesses should review their non-compete agreements for compliance with current laws. Click below to learn how the recent decision could impact you and your organization. https://lnkd.in/e75m9SRJ This article was written by JAH partner David E. Stevens and JAH attorney Alexandra N. #FTC #NonCompetes #EmploymentLaw #JAHLaw

The U.S. District Court for the Northern District of Texas issued a preliminary injunction against the Federal Trade Commission's Final Rule banning most non-compete agreements. The stay currently applies only to the parties involved in the case and the FTC's rule is still set to go into effect unless further court decisions alter the timeline. Click the link below to learn more about the injunction and how the FTC Final Rule banning non-competes affects you and your business. https://lnkd.in/e56tU9-q This update was written by JAH partners Patrick E. Kelly & David E. Stevens #noncompete #ftc #employmentlaw #jahlaw

Update: Is The FTC Ban on Non-Compete Agreements Still In Effect⁉️🤔📜 In this video, we dive into the FTC's ruling against non-compete agreements, exploring its implications and the ongoing legal challenges that could impact its enforcement. Join us for insights on this significant regulatory change! #FTCRuling #NonCompeteAgreements #LegalChanges #EmploymentLaw #FTC #WorkerRights #BusinessRegulation #LaborMarket #LegalChallenges #FutureOfWork