As many of you probably already know, the Federal Trade Commission (the “FTC’) issued a Final Rule outright banning employment-based noncompete agreements. The ban is expected to go into effect in August. The three key takeaways from the Final Rule are:
Contracts
Project Labor Agreements and Government Funded Infrastructure Projects: What You Need to Know Now
As many construction contractors are aware, the new Infrastructure Investment and Jobs Act, effective on November 15, 2021, includes significant monies for transportation, roads, bridges, rail, and other infrastructure construction. President Biden has encouraged public governmental agencies to use project labor agreements (PLAs) on these government-funded infrastructure projects.
What is a PLA?
A PLA requires…
Does your employee handbook create an employee contract? The answer might surprise you!
This post is co-authored with Larry Morgan, MAIR, SPHR, SHRM-SCP, GPHR
Originally published in The Minnesota Society of CPA’s
Virtually all employee handbooks contain the statement, “This handbook is not a contract.” Most employers assume with this contract disclaimer none of the policies and provisions in their employee handbook constitute a contract.
On Feb.…
A Strategic Business Approach to Protecting Trade Secrets
Employee trade secret theft is a significant problem faced by many businesses. It is unfortunately all too common for a departing employee to take valuable confidential information from the former employer to the new workplace. An employer may use a number of legal strategies to stop the theft and misuse of its trade secrets by…
Sign Your Contracts!
While employers may have well-written agreements with their employees, such as non-competition and confidentiality agreements, those same employers sometimes fall down with regard to having those contracts executed on the company’s behalf. Prudent companies will not allow employees to commence employment until they have signed the applicable employment agreement, noncompete or an agreement to resolve…