The FTC has banned noncompete agreements
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The FTC has banned noncompete agreements
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Re: The FTC has banned noncompete agreements
#2One of the best decisions made. Non-competes are harmful and the problem they claim to solve can be resolved in other ways.
Re: The FTC has banned noncompete agreements
#3One of the best decisions made. Non-competes are harmful and the problem they claim to solve can be resolved in other ways.
Why economists are so critical of non-competes - https://www.nominalnews.com/p/to-compete-or-non-compete
Re: The FTC has banned noncompete agreements
#4Good, I hope this trickles down to other countries that seem to just copy paste US laws like mine.
I have a non compete that bans me from working in my field for 6 months, like how is this legal? absolutely crazy how every company basically copy pasted that clause into their contracts.
Re: The FTC has banned noncompete agreements
#5[deleted]
Re: The FTC has banned noncompete agreements
#6I'm not always a democrat, but I do like the FTC under democratic presidency.
Re: The FTC has banned noncompete agreements
#7Re: The FTC has banned noncompete agreements
#8Nice! Now ban NDAs when it pertains to claims of illegal activity including discrimination. I know there are some really fascinating stories floating around out there...
Re: The FTC has banned noncompete agreements
#9[dupe]
Re: The FTC has banned noncompete agreements
#10Good, I hope this trickles down to other countries that seem to just copy paste US laws like mine. I have a non compete that bans me from working in my field for 6 months, like how is this legal? absolutely crazy how every company basically copy pasted that clause into their contracts.
There is a reasonable legal argument that says it shouldn't be, unless you are compensated for the time (at least under anglo-american legal theory). As it is, courts will often dismiss "unreasonable" no-compete clauses, but you have to spend money on a lawsuit to get there. I'm not completely sure if the FTC is the right place for this ruling, but I'm not unhappy with it.
It appears to be a late 19th century phenomenon. https://scnoncompetelawyer.com/short-history-of-non-competes...
As some people have pointed out, the action will probably be moving to trade secret and NDAs protections.