On Tuesday, April 23rd, the Federal Trade Commission (FTC) issued a final rule banning workplace non-competes nationwide. The rule defines non-competes to include a term or condition of employment that prohibits workers from, penalizes workers for, or functions to prevent a worker from (1) seeking or accepting work in the...
Minnesota Legislature Takes Aim at Employment Non-Compete Agreements
In recent years, more and more employers have required their workers to sign non-compete agreements, which forbid the workers from taking new jobs at other companies in the same industry after leaving the old employer.
The Federal Trade Commission Proposes Banning Noncompete Agreements for Workers
On January 5, 2023 the Federal Trade Commission (FTC) proposed a ban on non-compete agreements, which would free up workers to take new jobs with competing companies, or start their own competing businesses, without fear of being sued by their former employers.
The Uniform Law Commission Publishes Final Uniform Restrictive Employment Agreement Act
The Uniform Law Commission (“ULC”) recently published the final Uniform Restrictive Employment Agreement Act (“Act”). Restrictive employment agreements – or restrictive covenants – are agreements that restrict an employee from working after the employment relationship ends.
Biden Issues Order aimed at business competition, which will limit use of non-compete agreements
On July 9, 2021, President Biden issued a broad executive order designed to increase competition among American businesses, as well raise wages for American workers. The Order titled, “Executive Order on Promoting Competition in the American Economy,” contains over seventy-two different initiatives, and instructs over a dozen federal agencies to...