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FTC Passes Ban On Non-Compete Clauses In Employee Contracts
Companies would be unable to prohibit workers from going to the competition.
A sweeping new Federal Trade Commission rule will prohibit companies nation from including non-compete agreements in contracts with employees. The new rule is expected to have a significant impact on the entertainment and media sector, where non-compete clauses are widespread, albeit they already have been unenforceable in California. Yet, today, three unelected commissioners have unilaterally decided they have the authority to declare what’s a legitimate business decision and what’s not by moving to ban noncompete agreements in all sectors of the economy.”
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