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The FTC's noncompete ban is now blocked! Yesterday a Texas federal court enjoined enforcement of the ban nationwide. While the September 4 compliance deadline is no longer applicable to employers, this is not the last word on the ban. Stay tuned for updates. #employmentlaw #noncompete #employmentlawyer

Attention Employers: Brace for Change with the FTC’s Noncompete Ban! ?? On April 23, 2024, the Federal Trade Commission (FTC) took a groundbreaking step, voting to ban noncompete clauses for most employees. With this ruling set to take effect on Sept. 4, 2024, it's crucial for businesses to prepare now. Here's what you need to know: The ban prohibits future noncompete clauses and invalidates existing agreements, except for those with senior executives. Employers must notify affected employees about this change. But, with legal challenges looming, the landscape remains uncertain. Stay informed, stay compliant. #FTC #NoncompeteBan #EmploymentLaw

The FTC’s new noncompete rule adopts a comprehensive prohibition on the use of noncompete clauses in any U.S. industry with any worker, including those at senior executive levels. The rule is promulgated using the FTC’s authority to determine practices that are unfair methods of competition. For those who have long argued against the use of noncompetes, this moment has been a long time coming. While the rule already faces legal challenges, company leaders would be well advised to make sure they understand what’s in the rule, its potential impact, and what it could mean for employees. Far from being an anti-business rule, the ban on noncompetes stands to spur innovation and grow markets.

Noncompete Agreements Survive -- for Now: What Employers Need to Know After the Texas Ruling A Texas judge just blocked the September 4 implementation of the FTC's ban on noncompetes. Read more here: https://lnkd.in/gi3bptaB . . Like ?? Comment below ? Share ? For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #StartupFunding

For those seeking a deeper understanding of the FTC's recent ban on non-competes, check out this insightful article by Orly Lobel analyzing the benefits that the ban offers for both employees and businesses, and explaining where employers should go from here.

"The FTC’s new noncompete rule adopts a comprehensive prohibition on the use of noncompete clauses in any U.S. industry with any worker, including those at senior executive levels. The rule is promulgated using the FTC’s authority to determine practices that are unfair methods of competition. For those who have long argued against the use of noncompetes, this moment has been a long time coming. While the rule already faces legal challenges, company leaders would be well advised to make sure they understand what’s in the rule, its potential impact, and what it could mean for employees. Far from being an anti-business rule, the ban on noncompetes stands to spur innovation and grow markets." #noncompete #ftc #executivesearch #talent

The Tyranny of Technical Specialists as the FTC rules to ban the use of noncompete agreements The United States, having learned nothing, continues to empower bureaucracies to make decisions that should be reserved for the courts or for the legislature. This is an interesting case because I happen to agree with the finding - that working people should not be bound by harsh noncompete agreements. There are 30 million people in the United States bound by noncompetes and it is a burden to work for a company that uses them. It is an overreach. Executives of course should be governed by them and they are specifically exempted. But it is completely out of line for the Federal Trade Commission to create a ruling that has the force of law. That was also the point of view of the 2 commissioners who voted against the policy in a 3-2 partisan vote. I went and found my copy of Imprimis from March / April 2020. In it Larry Arnn, the President of Hillsdale College was reflecting on the abrogation of our rights by unelected bureaucrats and technical specialists suddenly empowered to make broad rulings though their area of expertise was in fact narrow. The legislature we sent to represent us acted powerless in the face of the agents of the state they were in fact sent to direct and govern. He went on to highlight a quote from Winston Churchill: “Winston Churchill wrote grave warnings in 1936, as Hitler consolidated his power. His calls for rearmament were not sufficiently heeded to prevent the worst war in history. He warned that heavy sacrifices were necessary and justified to prevent Hitler from dominating the world. Amidst these warnings, in that same year, he took time to sound a different note in an essay entitled, “What Good’s a Constitution?” “ [W]e must not be led into adopting for ourselves the evils of war in time of peace upon any pretext whatever. The word ‘civilization’ means not only peace by the nonregimentation of the people such as is required in war. Civilization means that officials and authorities, whether uniformed or not, whether armed or not, are made to realize that they are servants and not masters. Socialism or overweening State life, whether in peace or war, is only sharing miseries and not blessings. Every self-respecting citizen in every country must be on his guard lest the rulers demand of him in time of peace sacrifices only tolerable in a period of war for national self-preservation.” Our Federal state now seems to be entirely captive to its own beauruas and agencies. The FTC, though the ruling seems right to me, is entirely wrong to pass a rule of this nature at all. They are not interpreting law, they are creating it. https://lnkd.in/gs-TiwqU https://lnkd.in/g8A498QT #counterculture #liveonpurpose #management

'The FTC’s new noncompete rule adopts a comprehensive prohibition on the use of noncompete clauses in any U.S. industry with any worker, including those at senior executive levels.' Orly Lobel Harvard Business Review #FTC #NonCompeteBan #EmploymentLaw #WorkplaceRights #LaborLaw #LegalNews #BusinessRegulation #LaborRights #CareerFreedom https://lnkd.in/egTUgFVg

The FTC's nationwide non-compete ban is now on hold. Judge Ada E. Brown's preliminary injunction halts the rule set to take effect in September. Learn more about this development from Bill Egan. #EmploymentLaw #NonCompete

How to Respond to Employee Questions about the FTC’s Noncompete Ban (As a Company that Uses Noncompetes)