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:
noncompete agreements
The Death of Noncompetition Agreements in Employment within Minnesota
By Phyllis Karasov on
Posted in Labor Law, New Employment Laws
The Minnesota legislature has enacted a statute rendering noncompetition agreements in the employment context unenforceable, provided they are entered into after the effective date. Governor Walz is expected to sign the bill. The legislation applies to all future covenants not to compete and will take effect on July 1, 2023. Consequently, this new statute does not apply to…
Can a Noncompete be Enforced in Wisconsin?
By Phyllis Karasov on
Posted in General Matters, Labor Law
Employers often require employees to sign agreements which include restrictive covenants. “Restrictive covenants” include noncompete agreements, non-solicitation restrictions (prohibiting solicitation of customers and/or employees), and confidentiality and nondisclosure agreements. These agreements can be important to protect the employer from the employee working for a competitor, or disrupting customer relationships after the employer has invested in…