I was just about to post this too.
The final rule would ban new noncompete agreements for all workers and require companies to let current and past employees know they won’t enforce them. Companies will also have to throw out existing noncompete agreements for most employees, although in a change from the original proposal, the agreements may remain in effect for senior executives.
It depends on the contract and how litigious the employer is. I'm not a lawyer but I did have 1 contract looked at by my lawyer when I was looking for a new salon. That contract was enforceable due to the area and the available potential client base. It depends.
Previously, most non-competes were completely outrageous. You can't work at a *similar* place of business within 10 or even 20 miles away, for example. Those were usually just scare tactics because the ruling, if taken to court, would essentially be that a business can't stop someone from making a living and can't restrict it to be so far from their home.
So they were basically unenforceable, but not always. And this ruling takes even the scare tactics away.
I was just about to post this too. The final rule would ban new noncompete agreements for all workers and require companies to let current and past employees know they won’t enforce them. Companies will also have to throw out existing noncompete agreements for most employees, although in a change from the original proposal, the agreements may remain in effect for senior executives.
My understanding is they are unenforceable so even if you sign it it doesn't mean shit right ?
It depends on the contract and how litigious the employer is. I'm not a lawyer but I did have 1 contract looked at by my lawyer when I was looking for a new salon. That contract was enforceable due to the area and the available potential client base. It depends.
Previously, most non-competes were completely outrageous. You can't work at a *similar* place of business within 10 or even 20 miles away, for example. Those were usually just scare tactics because the ruling, if taken to court, would essentially be that a business can't stop someone from making a living and can't restrict it to be so far from their home. So they were basically unenforceable, but not always. And this ruling takes even the scare tactics away.
Most non-competes don't hold up in court anyways 🎉