News & Analysis as of September 20, 2024

Non-Disclosure Agreement

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Non-Compete Agreements are contracts, typically formed in employment or business purchase contexts, where one party agrees to refrain from engaging in a particular line of work or pursuing business within a certain industry or locale. The purpose of these agreements is to protect employers or business purchasers from competition stemming from former employees or former owners of a business. less -

States with Pending Legislation to Ban Employee Noncompetes: Maine Poised to be Next State to Enact a Ban

Foley & Lardner LLP on 3/26/2024

As we continue to report, noncompete agreements are an area of ever-increasing scrutiny and limitation. Last year we wrote about states with civil and criminal penalties for violations of noncompete law, which is just one...more

Beyond the Horizon: What Employers Need to Know About the Latest Non-Compete Proposed Rules

Haynsworth Sinkler Boyd, P.A. on 1/16/2024

During a recent webinar, Denny Major discussed the latest updates employers need to know about non-compete agreements and overtime requirements. In this blog post, Denny will highlight key takeaways and considerations for...more

Wisconsin Legislators Propose Near-Total Ban on Noncompete Agreements

Husch Blackwell LLP on 10/19/2023

Key points- • Democrats in the Wisconsin Legislature introduced a bill which would ban most noncompete agreements. • The bill would still allow employers to use nondisclosure agreements and restrict use of customer lists...more

Noncompetes in the Crosshairs: Safeguarding the Company's Secret Sauce in the New World of Employee Mobility

Parker Poe Adams & Bernstein LLP on 4/7/2023

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

Legislation Seeking to Ban Non-Competes Reintroduced in Congress

Proskauer - Law and the Workplace on 2/13/2023

On February 1, 2023, a coalition of U.S. Senators and Members of the House of Representatives reintroduced a bill titled the Workforce Mobility Act (the “Act”), seeking to prohibit the use and enforcement of post-employment...more

President Biden and the FTC Seek to Put the Final Nail in the Coffin for Non-Compete Agreements

Spilman Thomas & Battle, PLLC on 1/9/2023

On January 5, 2023, the Federal Trade Commission (“FTC”) published a notice of a proposed rulemaking that would prohibit employers from enforcing non-compete agreements against all employees and would preempt state laws that...more

Minnesota to Ban All Non-Competes and Non-Solicits?

Nilan Johnson Lewis PA on 3/2/2020

The Minnesota legislature is currently considering HF 3673, which purports to ban all non-compete agreements with all employees, and may also ban all customer non-solicit and non-disclosure agreements. The language of the...more

Bill introduced in New Jersey Legislature would invalidate restrictive covenants for individuals collecting unemployment benefits

Saul Ewing Arnstein & Lehr LLP on 5/9/2013

Currently pending in the New Jersey State Legislature is a bill that, if passed, would invalidate any covenant, contract or agreement not to compete, not to disclose or not to solicit, entered into by any individual with the...more

Bill Introduced in NJ Assembly to Limit Enforcement of Non-Compete and Non-Solicitation Agreements

Cole Schotz on 4/26/2013

A bill introduced in the New Jersey Legislature on April 4, 2013, Assembly Bill 3970, seeks to prohibit enforcement of agreements restricting departing employees from competing, disclosing confidential information, or...more

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Non-Compete Agreements › Proposed Legislation › Non-Disclosure Agreement

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