Greenan, Peffer, Sallander & Lally LLP’s Post

🚨 A recent court ruling has blocked the FTC’s ban on non-compete agreements, allowing employers to continue using them for now. However, non-competes must still comply with state laws and be carefully tailored to improve enforceability. For more details, check out our latest blog: https://bit.ly/3MC81Zy #ftcnoncompete #noncompetebanhalted #noncompeteagreement #hubricresources #hrconsulting

California's new noncompete agreements laws mandate employer action by February 14, 2024. Read more for an explanation of the purpose of the new laws, what the notification requirement entails, and the risks of failing to comply. #emplaw #california #noncompete

California's new noncompete agreements laws mandate employer action by February 14, 2024. Read more for an explanation of the purpose of the new laws, what the notification requirement entails, and the risks of failing to comply. #emplaw #california #noncompete

California's new noncompete agreements laws mandate employer action by February 14, 2024. Read more for an explanation of the purpose of the new laws, what the notification requirement entails, and the risks of failing to comply. #emplaw #california #noncompete

On April 23, 2024, the FTC announced its Final Rule to ban non-compete clauses. The Final Rule was set to become effective September 4, 2024. The Final Rule would prohibit an employer from entering into, or attempting to enter into, a non-compete clause with a “worker” (including, e.g., employees and independent contractors) or representing that a worker is subject to a non-compete clause. There have been numerous challenges to the Final Rule since its issuance in April. To read the full article, please visit our website using the link https://bit.ly/3WZdj6a. Robert Luskin, Robert J. Baker, Graham Newsome, Rett Hixson #ChartwellLaw #FTC #Noncompete #LaborandEmploymentLaw

Yesterday, the FTC rule banning noncompete clauses was published in the Federal Register, triggering an effective date of September 4, 2024. The rule could have far reaching effects for many companies and their employees. In our May Viewpoints, we take a look at the FTC rule and what it means for both existing nonqualified plans and future nonqualified plan design. #FTC #noncompete #NQDC #executivebenefits #financialplanning https://lnkd.in/gfbE2dQa

**Pause Before Announcing the End of Non-Compete Clauses** It's crucial to pause before making announcements regarding the termination of non-compete clauses. There has been much misinformation circulating about administering this change, and I'm here to offer some tips: 1. The Final Rule will go into effect within 120 days of publication in the Federal Register - NOT 120 days from 4/23/2024 2. Lawsuits have been filed to challenge this. The district court handling the lawsuit could grant a temporary restraining order or preliminary injunction against the rule. This will stop the enforcement while it is being contested. 3. If the rule does become effective for senior executives, existing noncompete agreements can remain in force. 4. If the rule becomes effective, employers must inform workers about non-compete clauses' unenforceability in writing. 5. Other agreements can be put in place to help protect trade secrets. 6. Prepare for a change. If you do not want to rescind your non-compete agreements, wait until the final rule has completed the challenge process. #NonCompete #WorkplaceChanges #LegalUpdates #EmploymentLaw #BusinessStrategy #AdaptToChange #StayInformed #RegulatoryChallenges #HRInsights #CorporateCompliance #HR

September 4, 2024 is rapidly approaching… The FTC ban on noncompetes is set to take effect with some meaningful consequences: - Invalidating existing noncompetes with all workers except senior executives; and - Requiring employers to send a clear and conspicuous notice to affected workers, by the effective date, that the worker’s noncompete clause will not and cannot be legally enforced. Legal challenges have tried to stall or reverse the course; however, have been mostly unsuccessful. Make sure you’re prepared… Here’s some insight:

𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 📣 With the federal noncompete rule currently blocked, many employers might think the legal landscape has settled—but there’s still plenty to navigate! From state laws to industry-specific regulations, employers must stay informed about the complex web of rules governing noncompete agreements. Check out this article for key considerations employers should keep in mind to ensure compliance and protect their business interests. 🔗 https://lnkd.in/gQTQp8Aw   . . . #EmploymentLaw #NoncompeteAgreements #LegalCompliance #EmployerGuidance 

And our 2nd big update on a Tuesday: the FTC’s ban on noncompetes. Also expect a flurry of legal challenges to this unusual agency rule-making effort. We will be hosting a webinar… stay tuned. #noncompetes #employmentlaw #contracts #ftc