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FTC Rule Bans Noncompete Agreements: What Employers and Employees Need to Know

By: Benjamin (Ben) Hamborg , Eric Friske | April 26, 2024
Non-Compete Agreements

On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that will significantly impact the use of noncompete agreements in the United States. As an employer or employee, it is crucial to understand how these changes may affect you and your organization. 

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Legal form concept : Blue pen and a non compete contract on a clipboard. Noncompete contract is an agreement between employee and employer, not to enter into competition in subsequence business effort

Minnesota Bans Non-Compete Agreements: Impact on Employers and Employees

By: Benjamin (Ben) Hamborg , Eric Friske | May 24, 2023
Non-Compete Agreements

On May 16, 2023, Minnesota passed a law banning non-compete agreements in employment contracts, echoing similar measures adopted in other states limiting such restrictive covenants. Although generally broad in scope, the ban, slated to take effect on July 1, 2023, does not extend to non-competition provisions associated with the sale of a business, well-crafted customer […]

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Non-compete Agreement

The FTC’s Proposed Ban on Noncompete Clauses: Implications for Businesses and Workers

By: Eric Friske , Benjamin (Ben) Hamborg | February 8, 2023
Non-Compete Agreements

On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that would ban the use of noncompete clauses in employment contracts. A public forum will be held on February 16, 2023, examining the proposed rule, which will serve as a supplement to the FTC’s prior request for members of the public to […]

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Does Your Non-Competition Agreement Make Any Sense?

By: John Bisanz, Jr. | December 14, 2021
Non-Compete Agreements, Owning a Business

Every business owner knows that clarity of purpose is essential for a company to be successful. Knowing and articulating why you do what you do enables management and staff to collaborate, innovate, and find new and better ways to conduct business.

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Non-compete Agreement

President Biden Encourages Limits on Non-Compete Agreements in Executive Order

By: Benjamin (Ben) Hamborg , Eric Friske | July 13, 2021
Non-Compete Agreements

On July 9, 2021, President Biden issued an executive order that has the potential to significantly impact the ability of Minnesota businesses to utilize and enforce non-compete agreements. According to a White House Fact Sheet issued in conjunction with the order, the purpose of President Biden’s Executive Order on Promoting Competition in the American Economy […]

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