The Federal Trade Commission (FTC) on Tuesday, April 23, issued its final rule that prevents most employers from enforcing noncompetes against workers. The 3-2 vote by commissioners comes nearly a year and a half after the...more
The ban on Minnesota noncompetes went live July 1, 2023, and employers who require employees to sign illegal noncompetes can be liable for attorneys' fees necessary in getting a court to nullify the restriction and/or enjoin...more
On June 20, the New York state legislature passed a bill banning post-employment noncompetes, which Governor Kathy Hochul will likely sign, and which goes into effect 30 days afterward. This new legislation will make New York...more
Venture capitalists refer to “secret sauce” as the differentiator that gives one startup the edge over competitors. The secret sauce, properly protected, is a trade secret. However, employee turnover can threaten the secret...more
4/7/2023
/ Biden Administration ,
Comment Period ,
Confidential Information ,
Confidentiality Agreements ,
Contract Terms ,
Defend Trade Secrets Act (DTSA) ,
Employment Contract ,
Federal Trade Commission (FTC) ,
Intellectual Property Protection ,
Low-Wage Workers ,
New Legislation ,
Non-Compete Agreements ,
Non-Disclosure Agreement ,
OIRA ,
Proposed Legislation ,
Restrictive Covenants ,
Trade Secrets
It’s common in trade secrets or noncompete cases for plaintiffs to demand forensic imaging and searching and, ultimately, destruction of electronic information contained on the defendants’ computer system or devices....more