FTC noncompete clause ban: How employers should respond - San Francisco Business Times

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

San Francisco economic forecast - San Francisco Business TimesHere's the Business Times' annual look at what to watch for in 2023.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Tyler Rose to end 26-year-tenure at Kilroy Realty Corp. - San Francisco Business TimesA top Kilroy Realty Corp. executive is set to end his tenure, which spans more than a quarter of a century.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Bed Bath & Beyond warns of potential bankruptcy - San Francisco Business TimesThe company has a dozen locations in the Bay Area, and others have already closed over the past year.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »