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Confidential Information › Biden Administration › Restrictive Covenants

Lathrop GPM

FTC Approves Final Rule, Would Ban Most Employment Non-compete Agreements

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The Federal Trade Commission (“FTC”) voted and approved the issuance of a final rule, the Non-Compete Clause Rule, that, if it goes into effect, will make future employment non-compete agreements unenforceable and will...more

Tucker Arensberg, P.C.

FTC Votes to Ban Non-Compete Agreements

Tucker Arensberg, P.C. on

In a Special Open Commission Meeting, the Federal Trade Commission voted to approve the final rule to ban non-compete agreements for for-profit businesses, the effective date of such ban being in 120-days....more

Parker Poe Adams & Bernstein LLP

Noncompetes in the Crosshairs: Safeguarding the Company's Secret Sauce in the New World of Employee Mobility

Parker Poe Adams & Bernstein LLP on

Venture capitalists refer to “secret sauce” as the differentiator that gives one startup the edge over competitors. The secret sauce, properly protected, is a trade secret. However, employee turnover can threaten the secret...more

BakerHostetler

[Ongoing Program] Noncompetition Agreements – An Endangered Species? What You Can Do to Protect Your Business Interests - April...

BakerHostetler on

Please join us for BakerHostetler’s The ‘New’ Normal: The State of Labor Relations and Employment Law Master Class. Our 9th Annual Master Class will be virtual again this year, as it was last year, due to the continuation of...more

Orrick - Trade Secrets Group

Wyoming Supreme Court Erases Blue Pencil Rule for Employee Non-Compete Agreements

Orrick - Trade Secrets Group on

Employee non-compete agreements have long played an important role in employers’ ability to protect confidential and trade secret information.  However, recognizing the distinct advantage employers often enjoy in negotiating...more

Shutts & Bowen LLP

D.C.’s New Non-Compete Law

Shutts & Bowen LLP on

The District of Columbia recently passed a new expansive law which bans most noncompetition agreements for employees in the District. The Ban on Non-Compete Agreements Amendment Act (the “Act”) takes effect on October 1,...more

Sheppard Mullin Richter & Hampton LLP

FTC reviews non-compete agreements: An Update On The Future Of Restrictive Covenants Following The Biden Administration’s Proposed...

Sheppard Mullin Richter & Hampton LLP on

In July 2021, President Biden signed an Executive Order directed at promoting competition in the U.S. economy. As part of that overarching goal, the Biden Administration tasked the Federal Trade Commission (“FTC”) with...more

Miles Mediation & Arbitration

Executive Order Signals The Writing Is On The Wall For Non-Compete Agreements

Miles Mediation & Arbitration on

On July 9, 2021, President Biden issued an Executive Order labelled as an effort to promote competition in the American economy. Its primary focus is to encourage the Federal Trade Commission (FTC) Chair—through rulemaking...more

Bilzin Sumberg

Millions of American workers are shackled by absurd non-compete agreements. Companies need to stop needlessly restricting workers.

Bilzin Sumberg on

President Biden has directed the FTC to crack down on non-competition agreements. Non-compete clauses can unfairly hinder the mobility of low-level workers due to disparate bargaining power. Originally Published in...more

Lowndes

President Biden Signs Executive Order Targeting Non-Competes

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Last Friday, July 9, 2021, the White House issued a 20-page executive order on “Promoting Competition in the American Economy” aiming to create an “open and competitive economy” where workers have the “economic freedom to...more

Akerman LLP - HR Defense

Biden Order: Consider a Federal Rule on Non-Competes

Akerman LLP - HR Defense on

Don’t be misled: President Biden’s July 9 Executive Order does not bar non-compete agreements. Rather, it “encourages” the Chair of the Federal Trade Commission to use rule-making to limit their use....more

Lowndes

Biden Administration Targets Non-Competes

Lowndes on

On July 7, 2021, White House Press Secretary Jen Psaki divulged President Biden intends to sign a new executive order in the coming days addressing competition in the labor market, in part by targeting non-compete clauses and...more

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