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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 ...
Research shows that non-compete agreements make labor markets less competitive, reduce wages and reduce labor mobility. [3] [1] While non-compete agreements may incentivize company investment into their workers and research, they may also reduce innovation and productivity by employees who may be forced to leave a sector when they leave a firm.
Noncompete agreements, which employers have deployed with greater frequency in recent years, limit an employee's ability to jump ship for a rival company or start a competing business for a stated ...
And some, like Kansas and South Carolina, impose none at all, according to the Economic Innovation Group. 3. Even absent state restrictions, antitrust laws still apply
The Federal Trade Commission voted 3-2 Tuesday to ban most noncompete agreements, a watershed moment for the U.S. workforce that faces an uncertain future. These common agreements currently bar ...
I get people in my law practice asking me questions on non-competition agreements every week. ... the top 7 ways to get out of a non-compete, but what if the former employer lets you go? No ...
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