Hey! US folks! Those noncompete clauses you signed? Just banned.
Celebrate!
Go work for a competitor. Go found your own competition.
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
Hey! US folks! Those noncompete clauses you signed? Just banned.
Celebrate!
Go work for a competitor. Go found your own competition.
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
@karabaic do both at the same time!
i mean what
@karabaic @molly0xfff well, maybe do those things 120 days after the rule is published in the Federal Register.
Right now the clauses are still valid, no?
@interpipes @molly0xfff F̵i̵n̵a̵l̵ ̵r̵u̵l̵e̵ ̵m̵e̵a̵n̵s̵ ̵i̵t̵'̵s̵ ̵p̵u̵b̵l̵i̵s̵h̵e̵d̵.̵
The above is inaccurate. See later in the thread.
@cjkreklow @RedCyberPandaz If you know a labor lawyer, I might ask them. Don't rely on legal advice from Mastodon. If your employment allows other jobs, I'm not sure how excluding competitors could be carved out in that instance, particularly if you're not in a strategic position.
The purpose of this rule was to prevent cases where low-level employees were being unfairly subjected to these terms, particularly fast food workers.
@karabaic @talexb Don’t quit your day job yet. Non-competes aren’t banned until 120 days after publication in the Federal Register have passed: https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes#:~:text=The%20final%20rule%20will%20become%20effective%20120%20days%20after%20publication%20in%20the%20Federal%20Register
Plenty of time for your employer to file a lawsuit.
@mjgardner @talexb Indeed, don't take career advice from Mastodon randos. Consult a labor attorney with a practice in your state of residence.
Remember that this effort is focused on the bullshit NC's that low-level employees at employers like fast food franchises are being forced to sign. Not high-value employees who make strategic decisions.
Other aspects of timing are referred to in the thread.