03/20/2023
In January, the FTC announced a sweeping proposed regulation that would invalidate all existing noncompete agreements and free employees currently bound by them. The proposed rule is still in the comment phase and likely will face a legal challenge from business groups including the U.S. Chamber of Commerce. Now, Congress has entered the fray.
03/20/2023
The ostensible purpose of an agreement not to compete is to prevent employees from jumping ship and taking proprietary information with them when they go to work for a competitor. But two other kinds of agreements can often accomplish that objective: nondisclosure agreements and confidentiality agreements.