(L-R) Majed Dakak and Eda Harotounian of Kesselman Brantly Stockinger. Courtesy photos The Economic Effect of Employment Non-Competes
But just what are the negative effects of non-competes on the U.S. economy? And is it possible that these negative effects are outweighed, by the positive effects of non-competes?
September 28, 2022 at 04:04 PM
5 minute read
Employment non-competition provisions, also known as covenants not to compete, or "non-competes," are provisions in employment contracts that prohibit employees from working or starting a competing business after leaving their current employer. These restrictions exist in many forms and while some are explicit (i.e., "thou shalt not work for a competitor") others are disguised as overly broad confidentiality and non-solicitation clauses that act as non-competes.
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