FustCharles’ Post

Very interesting ruling on noncompetes. The Federal Trade Commission (FTC) recently voted to ban non-compete agreements, a move that could have a huge impact on the job market. It will be interesting to see how this ruling plays out and if it will end up in the Supreme Court. Check out the full article on The Hill. #FTC #noncompete #jobmarket #employeemobility

FTC Bans Non-Competes! The Federal Trade Commission has voted to ban non-compete agreements. The implications are significant and many are working to fight this. What are your thoughts? Check out the link below for more information. #noncompete #FTC #LaborLaw #employment #executivesearch

Today, the Federal Trade Commission (FTC) voted 3-2 to ban noncompete agreements. The final rule would ban new noncompetes and require companies to let current and past employees know they won't enforce them. The new rule is slated to go into effect in 120 days after it is published in the Federal Register. However, certain business groups are expected to file lawsuits to block the new rule. We will continue to monitor these developments to assess how they may impact your businesses.

Yesterday, the Federal Trade Commission adopted a rule, in a tight 3-2 vote, banning noncompete agreements nationwide. At least one legal suit has already been filed challenging the rule and more are surely on the way. Check out my initial thoughts on the rule below. We are only at the beginning of this journey. #noncompete #ftc #employmentlawyer

Hot off the press! 🔥 The Federal Trade Commission (FTC) has voted 3-2 to ban noncompete agreements that have been preventing tens of millions of employees from working for competitors or starting a competing business after leaving a job. #infoisfree #Venturacounty #Heartland #HCM ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ Have thoughts on this? Share them in the comments! Check out the link below for more information. https://lnkd.in/gC2k4mNr

FTC Noncompete Ban Gets 1st Big Court Test July 3 The Federal Trade Commission’s (FTC) effort to broadly ban noncompete agreements faces its first big legal test July 3, the Business Journal reports. A Texas judge is expected to rule then on a preliminary injunction against the ban. If the injunction is approved, the FTC will have to halt implementation of the new rule until the legal process concludes. The new rule would impact 30 million Americans and thousands of businesses, releasing a multitude of workers from existing clauses. The FTC contends the agreements, which limit how and when a worker can find a new job within their industry, are burdensome for workers and stifle economic mobility. Business groups contend noncompete agreements are necessary to protect trade secrets, to encourage investment in research and development, and to foster business growth.

The Federal Trade Commission's Noncompete Rule bans #noncompete agreements with employees of all ranks and seniorities in virtually all industries across the United States. Learn more about how this may affect your business, the legal challenges already brought, and more below. #FTC

The Federal Trade Commission's Noncompete Rule bans #noncompete agreements with employees of all ranks and seniorities in virtually all industries across the United States. Learn more about how this may affect your business, the legal challenges already brought, and more below. #FTC

The Federal Trade Commission's Noncompete Rule bans #noncompete agreements with employees of all ranks and seniorities in virtually all industries across the United States. Learn more about how this may affect your business, the legal challenges already brought, and more below. #FTC

Yesterday, the Federal Trade Commission voted to ban noncompete agreements, which currently affect about 30 million employees. What does this mean? Freedom for employees to pursue outside opportunities without being tied down by restrictive contracts. The ban prohibits new noncompete agreements and mandates companies to inform current and former employees about the unenforceability of these agreements, although exceptions are made for senior executives. But as with any big change, there are differing opinions. Some argue that noncompetes protect businesses, while others see them as barriers to fair competition. Legal challenges are anticipated. What's your take? Will this help or hurt the economy? Help or hurt the affected employees? #FTC #noncompeteban #business