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Bookmark or Share- FTC Announces Rule Banning Noncompetes | Federal Trade CommissionToday, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation. “Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including ...
- The basics of non-compete agreements | Thomson Reuters1. What, exactly, are non-compete agreements? Non-compete agreements are contracts between an employer and an employee that are typically signed at the start of their business relationship. Essentially, a non-compete agreement prohibits the employee from competing with the business directly or indirectly for a specific duration of time after ...
- What Are Non-Compete Agreements: All You Need To KnowNon-compete agreements are legal clauses in a contract stipulating that an employee must not contest with the former employer after employment termination. Such agreements prohibit employees across industries and companies from revealing secrets or proprietary information to any other party during or after employment.
- Noncompete agreements explained | LegalZoomNoncompete agreements are contracts that companies use to reduce competition and prevent the spread of trade secrets. Like other contracts, a noncompete agreement is a binding document, and employees who sign them can't enter into direct competition with their former employer after leaving their job.
- Understanding Noncompete Agreements | NoloA noncompete agreement, sometimes known as a covenant not to compete, is a type of employment contract in which an employee promises not to work for a competitor or start a competing business for a certain length of time after leaving their current job.
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