While we all know they've been all but unenforceable for awhile, it looks like the FTC has banned them.
https://www.nytimes.com/2024/04/23/business/noncompete-clause-ban.html
jefe
Itโs official, no more non-competes!
17
There are still NDAs which make sense, but glad they did something about the non-compete
and did you mean "NO more non-competes"?
and did you mean "NO more non-competes"?
Yea I can see the necessity with those
And yes. I fixed the typo. Was focused on meeting prep
So long overdue. This is freaking greatness.
๐๐ป
This is a good thing. Wish it had been in place when I left my last company. They threatened me with their NC contract and I told them to go pound sand. BUT... they did send a nasty-gram to my new employer which made onboarding interesting.
Started out with a bang, eh?
You beat me to it!
Great news
Great news
NYT is quick on their push notifications
Worked for a business process management company for 18 months, in that time alone one Dev did a contract for 6 months and spun out his own lightweight version of our product specifically for gmail, I think our company pursued him on that one. And our VP of IT spun out his own version of our product as well..also for g-suite.
I can get that working for competitors we can come to terms with, but spinning out a lightweight version of what your company does seems a little suspicious
I can get that working for competitors we can come to terms with, but spinning out a lightweight version of what your company does seems a little suspicious
That's very different. There will still be protections for IP/ proprietary information, I'm sure.
Yeah, this ain't the same. That's also dirty.
California and New York, non-competes were already worthless. This could be both good and bad. Good because you can go wherever youโd like now bad because companies will be looking at new ways to protect IP and such that canโt really be protected in an NDA
As an employee based in CA, I've had this for some time, and it's fantastic to not have to worry about being stuck or not having the flexibility to take another role.
This is great news!
This is great news!
Iโm pretty sure we have this in Ontario as well, but itโs great to see it become more widespread!
Yes! It was a completely unfair business practice.
Hell YES!!
.
Huge!
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