Trade Secrets/Non-Compete Year in Review - 2023

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Welcome to our 2023 Trade Secret and Restrictive Covenant Year in Review. 2023 was a busy year in this space, but not as busy as many expected. Although multiple states introduced restrictive covenant legislation, the most significant shock waves through the legal and business community concerned legislation and administrative activity that never materialized. Still, there were plenty of significant jury verdicts and court decisions to keep us “noncompete and trade secret geeks” entertained, and we can expect 2024 to be more active than 2023 as the FTC and other federal agencies, as well as several state legislatures, continue their assault on restrictive covenants.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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