Tag: Non-Compete

News
July 2, 2024
The Federal Trade Commission (FTC) has issued a final rule barring most existing and future non-compete agreements. Traditionally businesses have tried to use non-compete agreements to prevent the unauthorized disclosure or misuse of proprietary business information (such as trade secrets). In light of these developments, businesses are encouraged to explore alternative ways of protecting their sensitive information, such as strengthening intellectual property rights through patents, trademarks, copyrights, and nondisclosure agreements (aka: NDA’s) as viable substitutes for traditional non-compete agreements
News
February 6, 2024
In October 2023, California introduced a new law mandating that employers must issue individualized written notices to their current and former California employees by February 14, 2024, informing them that any noncompete clauses or agreements with their employers are rendered void and unenforceable under California law.
News
December 12, 2023
California recently passed two laws – SB 699 and AB 1076 – that impact non-compete agreements. Both laws will take effect on January 1, 2024.
Resources
March 9, 2023
Employee non-compete agreements have long been a contentious issue in many states, with some arguing that they protect businesses' intellectual property and prevent employees from sharing trade secrets, while others argue that they limit an employee's ability to work in their chosen field and stifle competition. In California, however, the enforceability of employee non-compete agreements is heavily restricted.