need to take a deep breath and review how they use noncompetes.FTC's seismic proposal to ban noncompete clauses
So what should employers be doing right now? Taking a close look at their noncompete agreements, experts say. The rule would affect about 30 million workers, with the FTC saying such agreements, which typically restrict a worker's ability to work in their industry for a certain amount of time or in a certain geographic location, are exploitative and violate the Federal Trade Competition Act. The rule would apply to independent contractors and anyone who works for any employer, paid or unpaid.
That includes how businesses can tighten up their nondisclosure agreements and nonsolicitation agreements so they can’t be deemed to function as de-facto noncompete agreements.
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Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
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