The FTC moves to ban #noncompete agreements
The Federal Trade Commission proposed a rule on Thursday that would block employers from using noncompete agreements to restrict workers from pursuing employment with competitors.
https://techcrunch.com/2023/01/05/the-ftc-moves-to-ban-noncompete-agreements/
@vmbrasseur It is a bit of a double edged sword. In many cases non-compete clauses are unnecessary. However, there are cases where "corporate secrets" can give an advantage over competitors.
For example, the R&D cost of certain products/services can cost millions, if not billions. Bringing that knowledge to competitors can destroy a business.
VM (Vicky) Brasseur
John Nihara
Steve Purcell