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Federal Trade Commission (FTC) Employee Training Employment Contract

Holland & Knight LLP

Is It a TRAP? Training Repayment Agreement Provisions in Uncertain Times

Holland & Knight LLP on

Training repayment agreements (TRAs), also known as training repayment agreement provisions (TRAPs) or "stay or pay" provisions, have made headlines recently, thanks to lawsuits from Colorado's attorney general (AG) and at...more

Seyfarth Shaw LLP

Colorado Amends Non-Compete Law To Address Potential Abuses of Training Repayment Agreement Provisions (TRAPS)

Seyfarth Shaw LLP on

On May 31, 2024, the Governor of Colorado signed House Bill 24-1324, titled “Attorney General Restrictive Employment Agreements,” putting into place a law to toughen protections for employees who are subject to abusive...more

Adams & Reese

FTC Issues Rule to Ban Non-Competes; U.S. Chamber Threatens Lawsuit; What Do Employers Need to Know?

Adams & Reese on

The Federal Trade Commission (FTC) issued the Non-Compete Clause Rule on Tuesday, calling for a comprehensive ban on non-compete agreements nationwide. The FTC concluded that non-competes are an “unfair method of competition...more

Jackson Lewis P.C.

Training Repayment Agreements Remain Under Federal Scrutiny

Jackson Lewis P.C. on

Training repayment agreements (TRA) are a tool for retaining employees after they received employer-paid training. Generally, a TRA requires an employee to repay an employer for the costs of training if the employee leaves...more

Parker Poe Adams & Bernstein LLP

Would the FTC's Noncompete Ban Prohibit Signing and Relocation Bonus Clawbacks?

The Federal Trade Commission (FTC) recently reported that it had received over 25,000 comments on its proposal to ban employment noncompetition agreements. Most of the discussion over the proposal involves traditional...more

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