Non-Compete clauses are banned

[TRF]

ok, a lot of dancing around here, but what I really need to know is this:

When can Jinder Majal join AEW?

[Dave C]

I've worked under employment contracts at several places in my career. I've gotten a LOT more money in salary when I agreed to non-competes during the duration of the contract. On top of that, if I left I had to honor the non-compete... if they left me I got 2 years salary and benefits along with them vacating the non-compete.

My guess is this will not hold up in the consulting and professional world. Too many companies connected to the government with too much to lose. Especially the defense and data industries.

[LegallyMinded]

Just thought I would post this update here: Federal Court Enjoins Federal Trade Commission’s Rule Prohibiting Non-Competition Agreements I'm sure the decision will be appealed, though I expect the Fifth Circuit won't look favorably at the rule either.

[RedsBaron]

I just noticed that several weeks ago (August 20, 2024), the same federal court granted summary judgment to Ryan LLC and the various Plaintiff-Intervenors against the FTC and set aside the Non-Compete Rule. This is not the final decision in this matter, as I assume the FTC has filed an appeal.

[Kingspoint]

I've worked under employment contracts at several places in my career. I've gotten a LOT more money in salary when I agreed to non-competes during the duration of the contract. On top of that, if I left I had to honor the non-compete... if they left me I got 2 years salary and benefits along with them vacating the non-compete.

My guess is this will not hold up in the consulting and professional world. Too many companies connected to the government with too much to lose. Especially the defense and data industries.

That's dealing with espionage. Completely different scenario. As far as the data industry is concerned, it's standard practice for Vice-Presidents on up to break off from their company taking assets (employees and thus infomation) with them to start new companies and compete against their former employers.

[Dave C]

That's dealing with espionage. Completely different scenario. As far as the data industry is concerned, it's standard practice for Vice-Presidents on up to break off from their company taking assets (employees and thus infomation) with them to start new companies and compete against their former employers.

I've worked on massive data bases for.... let's say.... governments (also for Wall Street and even sports entities, hospitals and even political parties) and have never see anything like this. Taking "information" (data) is illegal everywhere.... taking code I've written under a well written contract is perfectly fine. Competing with governments isn't possible. There are a lot of 3rd party reviews of the work but I never saw anyone being told they can't have code they've written if it was enumerated in their agreement. Most of my work was somewhat free-lance so I negotiated most of those contracts and validated them with a $400/hour attorney/nurse... who's my wife. Yes... she makes me pay.

[Kingspoint]

I've worked on massive data bases for.... let's say.... governments (also for Wall Street and even sports entities, hospitals and even political parties) and have never see anything like this. Taking "information" (data) is illegal everywhere.... taking code I've written under a well written contract is perfectly fine. Competing with governments isn't possible. There are a lot of 3rd party reviews of the work but I never saw anyone being told they can't have code they've written if it was enumerated in their agreement. Most of my work was somewhat free-lance so I negotiated most of those contracts and validated them with a $400/hour attorney/nurse... who's my wife. Yes... she makes me pay.

As long as you don't take it overseas, you're fine.

[BenchRider]

No surprise this was overturned. The dems should stick to doing the environment.