Last month in long-telegraphed vote, the Federal Trade Commission approved a rule banning non-compete contracts. The commission determined non-competes represent an unfair method of competition because they restrict the free flow of workers. Since the initial draft rule was released, business groups have criticized the idea. Non-compete agreements serve “vital procompetitive business and individual interests,” […] The post Ohio workers, still bruised by their experience, pleased to see FTC banni
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that may affect for-profit employers' use of post-employment non-competes in the employer/employee context.
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that may affect for-profit employers' use of post-employment non-competes in the employer/employee context.
Non-compete provisions have long been viewed by employers as reasonable and appropriate velvet handcuffs on departing employees and as an unfair burden on competition by the departing.
The FTC recently prohibited non-competition agreements (and non-disclosure or non-solicitation agreements),. This may adversely impact estate and succession planning.