Related to: Non-Compete Agreements
On January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would ban employers from entering into or enforcing existing non-compete agreements with “workers.” This is not limited to only paid employees, but also to any “natural person who works, whether paid or unpaid, for an employer,” which includes an employee, independent contractor, extern,…
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Restrictive covenants restrain what would otherwise be lawful competition by current and/or former employees. They serve to protect, among other legitimate business interests, a company’s trade secrets, confidential and/or proprietary information and documents, customers and the goodwill the company has developed with said customers, and employees and the intellectual capital they possess. If a company’s…
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