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If you’ve relied on noncompete agreements to protect your business and your business secrets, you’re in for a bit of a bumpy ride: The Federal Trade Commission just voted to ban noncompete agreements for all workers.
This ban not only looks forward, preventing employers and employees from entering into new agreements, but invalidates current noncompetes for everyone but senior executives (defined as people earning “more than $151,164 annually who are in a ‘policy-making position.’”)
Here’s what you need to know.
No new noncompetes
As soon as this goes into effect, which will be
