On April 23. 2024 the Federal Trade Commission issued a final rule that bans post-employment non-compete agreements between employers and their employees.
This week we give our 4 cents on that FTC ruling, and some opinions on the general practice of these types of legal agreements in general.
Do we agree? Do we disagree? You'll just have to listen to find out.
*We are not attorneys. This is not legal advice. This is just our personal opinions.
References:
* https://law.justia.com/cases/federal/district-courts/texas/txndce/3:2024cv00986/389064/153/
* https://www.skadden.com/insights/publications/2024/07/new-developments-on-the-ftc-non-compete-ban
* https://www.seyfarth.com/news-insights/ftc-non-compete-ban-what-you-need-to-know.html
* https://en.wikipedia.org/wiki/Non-compete_clause
* YouTube:
* Debate: The FTC banned noncompetes. Will it survive corporate challenges?
* PBS Overview: What to know about the FTC’s crackdown on noncompete agreements by employers (youtube.com)
* CNBC: Breaking down the impact of FTC's ban on non-compete agreements (youtube.com)
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