Good, I hope this trickles down to other countries that seem to just copy paste US laws like mine.
I have a non compete that bans me from working in my field for 6 months, like how is this legal? absolutely crazy how every company basically copy pasted that clause into their contracts.
There is a reasonable legal argument that says it shouldn't be, unless you are compensated for the time (at least under anglo-american legal theory). As it is, courts will often dismiss "unreasonable" no-compete clauses, but you have to spend money on a lawsuit to get there. I'm not completely sure if the FTC is the right place for this ruling, but I'm not unhappy with it.
Nice! Now ban NDAs when it pertains to claims of illegal activity including discrimination. I know there are some really fascinating stories floating around out there...
Comments
Good, I hope this trickles down to other countries that seem to just copy paste US laws like mine.
I have a non compete that bans me from working in my field for 6 months, like how is this legal? absolutely crazy how every company basically copy pasted that clause into their contracts.
There is a reasonable legal argument that says it shouldn't be, unless you are compensated for the time (at least under anglo-american legal theory). As it is, courts will often dismiss "unreasonable" no-compete clauses, but you have to spend money on a lawsuit to get there. I'm not completely sure if the FTC is the right place for this ruling, but I'm not unhappy with it.
It appears to be a late 19th century phenomenon. https://scnoncompetelawyer.com/short-history-of-non-competes...
As some people have pointed out, the action will probably be moving to trade secret and NDAs protections.
One of the best decisions made. Non-competes are harmful and the problem they claim to solve can be resolved in other ways.
Why economists are so critical of non-competes - https://www.nominalnews.com/p/to-compete-or-non-compete
Dupe: https://news.ycombinator.com/item?id=40136010
I'm not always a democrat, but I do like the FTC under democratic presidency.
Nice! Now ban NDAs when it pertains to claims of illegal activity including discrimination. I know there are some really fascinating stories floating around out there...
[dupe]