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A federal judge in Texas on Tuesday barred a US Federal Trade Commission rule from taking effect that would ban employers from requiring their workers to sign non-compete agreements.
(Reuters) -The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown ...
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Non-compete agreements will be enforced in Illinois if the agreement is ancillary to a valid relationship (employment, sale of a business, etc.) and (1) must be no greater in scope than is required to protect a legitimate business interest of the employer, (2) must not impose an undue hardship on the employee, and (3) cannot be injurious to the ...
Non-competes may reduce overall hiring costs and employee turnover for companies, which may result in savings that could in theory be passed on to customers in the form of lower prices and to investors as higher returns. [2] Non-competes are more common for technical, high-wage workers and more likely to be enforced for those workers.
The America COMPETES Act (formally America Creating Opportunities to Meaningfully Promote Excellence in Technology, Education, and Science Act of 2007) [1] [2] [3] was authored by Bart Gordon [4] and signed into law on August 9, 2007, by President George W. Bush. The act aimed to invest in innovation through research and development and improve ...
The U.S. Federal Trade Commission’s move to outlaw employment agreements that condition workers’ jobs on their promise to steer clear of work for competing firms is expected to face challenges ...
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States. NFCC member agencies provide access to financial counseling services for consumers.