Erika Knierim breaks down the FTC's latest ruling. For those who want to learn more, give this a read!
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🚫 Huge news - FTC issues nationwide ban on non-compete agreements. Check out my article linked below for the key issues for businesses and employees and what to expect next. #ftc #startups #entrepreneur #startuplaw #startupattorney #noncompetes #founders #founderslaw
Erika Knierim breaks down the FTC's latest ruling. For those who want to learn more, give this a read!
Unshackling Talent: FTC issues Nationwide Ban on Non-Compete Contracts | Founder Law Insights
founderslaw.com
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Excellent summary and analysis here. Federal agencies are ramping up efforts to regulate and restrict the use of restrictive covenant agreements in employment. Three states passed laws in 2023 that ban or severely curtail the use of such agreements. Several jurisdictions will be increasing their minimum compensation floor for certain types of restrictive covenant agreements in 2024. https://lnkd.in/eiBeqXur
The Year in Unfair Competition and Trade Secrets: 2023 Developments and What Is on the Horizon for 2024
littler.com
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Two new laws that address employment-based restrictive covenants went into effect in California on Jan. 1, 2024. Gravel & Shea shareholder, Heather Rider Hammond provides insight on what the new laws accomplish, exemptions, and what employers need to do if they have current or former employees in California. You can find more information in our latest update: https://lnkd.in/dYMq2Qb3
Urgent Bulletin: Employers with Current or Former Employees in California are Subject to New, Strict Non-Competition Laws - Gravel & Shea PC
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Curious | Problem Solver | Music Lover | Attorney | General Counsel | Technology & Data Privacy Enthusiast (CIPP/US)
🚨 Breaking News: FTC Votes to Ban Non-Compete Agreements 🚨 The Federal Trade Commission has made a groundbreaking move by voting 3-2 to ban non-compete agreements. This decision, championed by Chair Lina Khan, marks a potentially transformative change for the U.S. labor market. 🔍 What This Means: If the ban becomes effective, it will not only prevent the future implementation of non-compete clauses but also render existing agreements unenforceable. Employers will need to notify employees currently under non-competes about these changes. 📈 Impact on Your Business: This could significantly affect how businesses retain talent and protect intellectual property. While the rule is expected to face legal challenges, the implications for employee mobility and competition among firms are substantial. 👥 How This Affects You: Whether you're an employer or an employee, understanding the nuances of this new rule is crucial. It’s important to consider how this could impact your contracts, hiring practices, and competitive strategy. 📞 Need Advice? Navigating these changes can be complex. If you have questions about how this might affect your business, don’t hesitate to reach out. I’m here to help you understand the potential impacts and prepare for what comes next. For more details, check out the full story here: FTC Bans Non-Compete Agreements #FTC #NonCompete #BusinessLaw #LaborMarket #EmploymentLaw #BusinessStrategy
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On April 23, the FTC voted to publish a final rule that will ban the use of non-compete clauses nationwide, classifying them as an unfair method of competition under Section 5 of the FTC Act. Read our synopsis to learn the implications of this rule.
FTC finalizes rule banning non-compete agreements
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Senior Associate at Hogan Lovells, counsel to governments and corporate investors on international dispute resolution and political risk management across borders and languages | Public Speaker | Published Author
On April 23, the FTC voted to publish a final rule that will ban the use of non-compete clauses nationwide, classifying them as an unfair method of competition under Section 5 of the FTC Act. Read our synopsis to learn the implications of this rule.
FTC finalizes rule banning non-compete agreements
engage.hoganlovells.com
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On April 23, the FTC voted to publish a final rule that will ban the use of non-compete clauses nationwide, classifying them as an unfair method of competition under Section 5 of the FTC Act. Read our synopsis to learn the implications of this rule.
FTC finalizes rule banning non-compete agreements
engage.hoganlovells.com
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Manufacturing & Supply Chain Expert in Aerospace & Defense | Inclusion & Diversity Champion | Sustainability in Aviation Enthusiast
Colleagues new and old, this is a good summary on the new FTC rule around non-competes. Many of you may find the definitions and provisions for “senior executives” especially relevant.
The FTC has voted to publish a final rule that, should it survive legal challenge and come into effect, will ban the use of non-compete clauses nationwide on the theory that such clauses are an unfair method of competition under Section 5 of the FTC Act. Our Hogan Lovells antitrust and employment teams discuss the new rule and its implications for employers.
FTC finalizes rule banning non-compete agreements
engage.hoganlovells.com
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On April 23, the FTC voted to publish a final rule that will ban the use of non-compete clauses nationwide, classifying them as an unfair method of competition under Section 5 of the FTC Act. Read our synopsis to learn the implications of this rule.
FTC finalizes rule banning non-compete agreements
engage.hoganlovells.com
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-
On April 23, the FTC voted to publish a final rule that will ban the use of non-compete clauses nationwide, classifying them as an unfair method of competition under Section 5 of the FTC Act. Read our synopsis to learn the implications of this rule.
FTC finalizes rule banning non-compete agreements
engage.hoganlovells.com
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