The short answer is no, not yet, but their future looks uncertain. In this update we have a look at developments affecting restrictive covenants across various jurisdictions around the.
Following up on an earlier blog post outlining the United States Federal Trade Commission's ("FTC") increased regulatory action against non-compete agreements in employment contracts.
European competition authorities follow FTC regulatory action against non competes with interest. Margrethe Vestager, Executive Vice President of European Commission and Commissioner for Competition, lauded envisaged steps as impressive.
Section 1 of Sherman Act provides every contract, combination in the form of trust or otherwise, or conspiracy in restraint of trade or commerce among several States is declared illegal. The Supreme Court has long interpreted section to prohibit only unreasonable restraints.
Section 1 of Sherman Act provides every contract, combination in the form of trust or otherwise, or conspiracy in restraint of trade or commerce among several States is declared illegal. The Supreme Court has long interpreted section to prohibit only unreasonable restraints.