Edward T. Kang, left, and Kandis Kovalsky, right, of Kang Haggerty & Fetbroyt. The Noncompete Agreement: Is It a Thing of the Past?
Recently, the Federal Trade Commission (FTC) has proposed a rule, which would ban the use of noncompetes almost completely and require existing noncompete agreements to be rescinded. This comes with inherent legal challenges and has a broad implication for employers in the business community and their litigators.
January 19, 2023 at 12:29 PM
8 minute read
Employment Law
It goes without saying that many employers have trade secrets to safeguard. Noncompete clauses offer notable protections for companies and entrepreneurs, and their legal precedent dates back centuries. Recently, the Federal Trade Commission (FTC) has proposed a rule, which would ban the use of noncompetes almost completely and require existing noncompete agreements to be rescinded. This comes with inherent legal challenges and has a broad implication for employers in the business community and their litigators.
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