You probably know the federal non-compete ban is on ice for now – but that doesn’t mean employers are free to use non-competes indiscriminately. What remains in the wake of the FTC’s ban is a highly complex, constantly shifting patchwork of state laws that regulate the administration and substance of non-compete agreements. Here’s your reminder to-do list, including the top 10 state law issues you’ll still need to tackle, even though the FTC’s non-compete ban did not take effect September 4.
First, Catch Up on Breaking News
In case you missed it, a Texas federal judge struck down the Federal Trade Commission’s proposed non-compete ban on August 20, blocking the rule from taking effect on September 4 for all employers nationwide. You can read more about this significant development here.
Then, Review the Top 10 State Law Issues You Still Must Consider
Conclusion
Courts and lawmakers around the country are constantly refining the laws on non-competition, non-solicitation, and non-disclosure agreements, which means employers need to stay up to speed in order to prevent unfair competition and comply with the law. Even the smallest mistakes can lead to significant liability and business risks – but we’ve got you covered. Each month, the Fisher Phillips Employee Defection and Trade Secrets team – powered by Blue Pencil Box – provides you with a practical checklist of actions you can take to ensure you are best positioned to avoid liability and protect your business interests.
We constantly monitor new cases, legislation, and regulatory developments to keep you at the cutting edge of the law. Make sure you are subscribed to Fisher Phillips’ Insight System to gather the most up-to-date information directly to your inbox. Check out Blue Pencil Box for our daily updates on restrictive covenant law.
