Bob Young Writes “FTC proposes sweeping changes to non-compete law” for Worcester Business Journal
The Federal Trade Commission (FTC) issued a notice of proposed rulemaking this month that would eliminate almost all non-compete agreements. The rule would override even the relatively new Massachusetts non-compete statute, which significantly limits the use of non-compete clauses. In his article in the Worcester Business Journal, Bob Young discusses the proposed rule and how it will impact employers. Here is an excerpt:
The far-reaching ban the FTC has proposed would apply not only to new arrangements but also to existing non-compete agreements, and the FTC would require employers to send individualized notices to employees (and even former employees where possible) who currently are subject to a non-competition agreement to inform them the non-competition provision is no longer effective.
Continue reading the full article “FTC proposes sweeping changes to non-compete law” on the Worcester Business Journal website (subscription required).
Categorized: Publications
Tagged In: noncompetition agreement, employment agreements, Federal Trade Commission, non-compete clauses
