Armando Hernandez’s Post

Exciting developments in the legal landscape as the Federal Trade Commission (FTC) took a bold step to protect workers' rights with a ban on non-compete agreements! Non-compete agreements have long been a source of controversy, often limiting employees' career opportunities and stifling innovation. With this ban, the FTC aims to promote competition, innovation, and economic mobility by prohibiting these restrictive contracts!

Did the FTC just ban noncompete clauses? What's next? The punchlines: - The Federal Trade Commission (FTC) has moved to ban noncompete clauses nationwide, viewing them as an unfair method of competition. - This rule prohibits employers from entering into or attempting to enforce noncompete agreements with workers, and it mandates that employers rescind existing noncompetes. - The enforcement of this ban was anticipated to be finalized in 2024. However, it has been expected to face legal challenges regarding its jurisdictional and constitutional validity. https://lnkd.in/gBnH8Xgk

Breaking News: A new rule, by way of the Federal Trade Commission, prohibits companies from enforcing noncompete agreements on anyone other than senior executives. This rule also forbids employers from imposing new noncompete contracts on senior executives going forward. Court challenges are sure to follow. #noncompete #employmentlaw

In our latest blog post, Michael B. Kent, Jr. explains a recent rule by the Federal Trade Commission that bans most noncompete agreements in the employment context. The rule promises to have widespread impact by banning new noncompetes, invalidating existing noncompetes, and preempting inconsistent state and local laws. #ftc #federaltradecommission #employmentlaw #noncompete https://lnkd.in/eJF756Gu

The Federal Trade Commission (FTC) will enforce a new rule on September 4, 2024, banning noncompete agreements for most workers in the United States. This rule prohibits employers from entering into or enforcing noncompete clauses that restrict employees from working for competitors or starting similar businesses. The FTC's initiative aims to promote competition, increase wages, foster innovation, and support new business formation. Exceptions to this ban include noncompetes tied to the sale of a business and agreements involving senior executives with high earnings. The rule has sparked significant debate. Supporters argue that banning noncompetes will enhance job mobility, increase wages, and stimulate economic dynamism by allowing employees to freely pursue new opportunities. Critics, however, express concerns that it may hinder businesses' ability to protect trade secrets and retain key talent. The rule is also facing legal challenges, which could potentially delay its implementation. As the effective date approaches, employers are advised to review and adjust their employment agreements to comply with the new regulations. What are your thoughts on the FTC's decision to ban noncompete agreements? Do you think it will benefit workers and the economy, or do you foresee potential drawbacks for businesses? #workersrights #noncompete #ftc

Attention all employers! The Federal Trade Commission (FTC) has officially entered the ring against noncompete agreements. Whether or not the new rule goes into effect, all employers need to be aware. Check out the link to learn more about this development: https://lnkd.in/ekMU48A9 #FTC #noncompeteagreements #proprietaryinformation #employmentlaw

On April 23, 2024, the Federal Trade Commission (FTC) implemented a significant rule banning non-compete agreements for most employees. This rule is expected to take effect by the end of August 2024. However, the rule is already facing legal challenges and more are anticipated. Despite these challenges, this decision reflects a growing national trend towards limiting non-compete agreements. Employers should be aware of the potential impact on their current practices and be prepared to adapt.

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