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A 2023 petition to the FTC to ban non-compete agreements estimated that about 30 million workers (about 20% of all U.S. workers) were subject to a noncompete clause. [3] While higher-wage workers are comparatively more likely to be covered by non-compete clauses, non-competes covered 14 percent of workers without college degrees in 2018. [4]
In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer).
“Attempting to ban non-compete clauses in all employment circumstances overturns well-established state laws, which have long governed their use and ignores the fact that, when appropriately ...
The rule banning non-compete clauses in contracts would apply to independent contractors or gig workers as well as W-2 employees. See: New Job Seekers in 2023 May Have an Advantage With These 5 ...
The FTC issued a rule banning noncompete clauses in employment contracts in the U.S. in April, and the action was immediately challenged in court. On Tuesday, Judge Ada Brown of the U.S. District ...
Antipoaching (or no-poach agreement) is an anti-competitive conduct where companies conspire not to hire each other's employees. [ 1 ] Antipoaching agreements, or no-poach agreements, are related to non-compete clauses , but distinct -- no-poach agreements are among employers, non-compete clauses are between employer and company.
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