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What is a non-compete clause? | Employment law blog

myhrtoolkit

What is a non-compete clause and why is it important to get it right and protect your business from employees going to competitors? A non-competition restriction (or non-compete clause ) prevents an employee from joining a rival employer for a defined period after termination.

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What to Know About the New Non-Compete Ban

Extensis

non-compete landscape: the clauses will be banned or severely limited in most employment contracts across the country. To prepare for the upcoming changes, employers must now review their policies and determine what changes they’ll need to make to remain compliant with the new rule. What is a non-compete agreement?

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The FTC’s Final Rule Bans Most Non-Competes

HR Counselor's Corner

Federal Trade Commission (FTC) voted on April 23, 2024, to issue their final rule to ban most non-compete clauses in employment contracts. After the effective date, non-compete agreements are banned nationwide with very limited exceptions.

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How New York’s Pending No Non-Compete Law Will Affect Brokers

Extensis

Quick look: Earlier this summer, it was announced New York may be next in line to ban non-compete agreements. New York lawmakers have passed a bill which would ban non-compete agreements across the state. If passed, New York would join California as a non-compete state, along with Oklahoma, North Dakota, and Minnesota.

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What to Look for in An Offer Letter

GetFive

But before you rush into the job, it’s critical that you carefully review what they’ve given you. Is it clear who you’re reporting to, what’s expected of you, and how the company will measure success? Mandatory Arbitration, Non-Competes, and Non-Solicits. Compensation. Contact Us!

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Yep, President Biden ordered the FTC to curtail private companies from using of non-competes.

The Employer Handbook

— you that President Biden was preparing to tell the Federal Trade Commission to either ban or curtail private employers from using non-competition agreements. On Friday morning, the White House released this Fact Sheet foreshadowing an Executive Order that would encourage the FTC to ban or limit non-compete agreements.

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What Is A Non-compete

Abel HR

If you’re reading up about hiring employees for your business, you’ve probably come across the term, non-compete. What is a non-compete, and when should or shouldn’t you sign it? What is a non-compete? First things first – what is a non-compete? When to sign it.