Preparing for the FTC’s Proposed Non-Compete Agreement Ban
Understanding the Implications and Strategies for Employers and in Business Transactions
The Federal Trade Commission (“FTC”) has proposed a new rule banning non-compete agreements for employees and independent contractors, including employee equity holders. The proposed rule would make it illegal for companies to enforce non-compete agreements, except in a few specific circumstances, including protecting a company’s trade secrets and confidential information and restrictions on certain equity holders in connection with the sale of a business.
Join us on Tuesday, January 24, 2023, for a webinar where we will discuss the proposed rule in depth and provide insights on how to anticipate and navigate the proposed rule and administrative focus on non-competes. Our panel will address the following topics:
- Comprehensive overview of the proposed rule and its implications for employers and independent contractors, the issuance of equity to employees, and the sale of businesses
- Potential strategies for protecting business interests while adhering to the proposed regulations in employment relationships and business transactions
- Alternative forms of protection, such as non-solicitation agreements, non-disclosure agreements, and trade secret laws
- Open discussion of alternative approaches to restrictions in traditional employee equity grants
Leigh Ann Buziak, Partner, Labor & Employment
Anthony B. Haller, Partner, Labor & Employment
Kevin M. Passerini, Partner, Labor & Employment
QUESTIONS? Please contact Jennifer Reda via e-mail.