HR&P Solutions’ Post

The Federal Trade Commission (FTC) has just decreed that for-profit U.S. employers will no longer be permitted to have employees sign agreements with non-compete clauses embedded in them. 👉 https://lnkd.in/g97HJS7G "The FTC estimates that 30 million people – one in five US workers – are bound by a non-compete clause in their current jobs. And for most of them, the agency asserts, such a clause restricts them from freely switching jobs, lowers wages, stifles innovation, blocks entrepreneurs from starting new businesses and undermines fair competition." Source: CNN #noncompete #noncompeteclause #noncompeteclausese #FTC

The noose continues to tighten on the use of non-compete and non-solicit covenants in US employment agreements. Although we are still waiting to see if the proposed US Federal Trade Commission's nationwide ban on non-competes will come into effect, laws continue to be enacted at the state level further restricting the ability of employers to rely on post-employment restraints. The State of Washington is the most recent example, with a new law that further narrows what is permissible for employees working in that state. This is a good reminder for UK and EU businesses that are expanding to the US of the importance of addressing state-specific requirements in their hiring practices and employment agreements. The team at Wilson Sonsini Goodrich & Rosati provides more detail on Washington's new law: https://lnkd.in/eszDsmNb

A new final rule by The Federal Trade Commission (FTC) bans most noncompete agreements. Follow this article to learn options for employers, the potential upside for workers, exceptions to the rule, and so much more… #Business #Businesses #Employer #Employees #FTC #NonCompetes #NonCompeteAgreements #Employment

As many are aware, the FTC voted yesterday in favor of its rule effectively banning the use of non-compete agreements. Click the link below for a V&E breakdown of what this means for employers going forward. #Noncompetes #employmentlaw #FTC #noncompeterule #antitrust #unfaircompetition

The Federal Trade Commission’s noncompete Final Rule is scheduled to go into effect on Sept. 4, when employers will be required to send a written or electronic notice to current and former employees informing them that their noncompetes will no longer be enforceable. This Clark Hill Law Client Alert discusses the chaotic status of the FTC Final Rule and potential strategies given its impending Sept. 4 effective date. #keepingcurrent #hrstrategies #hrcompliance

On August 20, the U.S. District Court for the Northern District of Texas (Court) struck down the Federal Trade Commission’s (FTC's) noncompete agreements ban. This stay affects employers nationwide and eliminates the original rule’s effective date of September 4th, 2024. Recently, the FTC issued a final rule banning noncompete agreements in most aspects of employment. https://lnkd.in/gjf_xMXz #ftc #employers #employmentlaw #humanresources #hr #noncompete

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert

To my business-owner friends: the Federal Trade Commission recently voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will retroactively void most existing employment non-compete agreements. Learn more about how this can impact your company in our legal alert authored by my colleague Megan Anderson: https://bit.ly/3W965xV #Noncompetes #LegalAlert