The Federal Trade Commission will vote at an open commission meeting to be held virtually on Tuesday, April 23, 2024, at 2:00 p.m. Eastern on its proposed rule banning employers from entering into noncompete agreements with workers.
Morrison Foerster IP Lawyer Named Top Trade Secrets Lawyer lawfuel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawfuel.com Daily Mail and Mail on Sunday newspapers.
The enactment of this law, on the heels of the enactment of Senate Bill 699 (see our previous Alert), further reinforces the state's strong policy of prohibiting noncompete agreements in any form.
On September 1, 2023, California Governor Gavin Newsom signed into law Senate Bill 699, which reinforces the state's prohibition of employee noncompetition agreements and expands the claims.
The new law comes only months after Colorado enacted a criminal statute making violations of the state's noncompetition statute a Class 2 misdemeanor punishable by 120 days in jail, a fine up to $750 or both.