Last week, the U.S. Federal Trade Commission issued a rule banning provisions in employment contracts that forbid employees to work for a competitor after they quit or are fired. Within hours, a Texas ...
Exactly how hard is it for a next-gen advisor unhappy with their firm to pack up and move elsewhere, clients in tow? It depends, and more than one would think. Employment contracts vary wildly among ...
The Federal Trade Commission (FTC) issued a final rule in April that will invalidate existing non-compete agreements and non-compete clauses in agreements. There is a carve-out for an EXISTING ...
Non-compete clauses limit employees from joining competitors to protect business interests. The FTC proposed banning non-competes, potentially increasing wages by $300 billion. Four states have banned ...
Arisa Chattasa Photo via Unsplash. Goodbye, non-competes. The U.S. Federal Trade Commission today released its final rules addressing non-compete clauses by banning all future agreements. Non-competes ...
“My family operates an upscale Italian restaurant, and our employees are paid much more hourly than comparable establishments. We hire college grads, dedicate a great deal of time to training by ...
New York Governor Kathy Hochul is considering signing a bill passed in June that would ban all non-compete clauses in the state—which would make it the sixth state to pass a broad ban on the practice ...
In a test of one of the nation's most restrictive laws limiting non-compete clauses in medicine, an Indiana pediatric critical-care physician is suing to stop his former hospital employer from ...
However, they all agree that employee hiring agreements can become a battleground, as shown in recent lawsuits between two Microsoft large account resellers (LARs). Softchoice, a Toronto-based ...
Nearly two years ago, President Biden issued an executive order calling on the Federal Trade Commission (“FTC”) to ban or limit non-compete agreements, stating that workers should be free to take a ...
After Circle City Broadcasting's request to keep a former WISH-TV meteorologist's lawsuit out of court was denied, a judge found that the non-compete clause at the center of the case was unenforceable ...