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It's also going to make it harder for them to be hired.
The tech companies are just going to privately collude.
The FTC has exceeded its constitutional authority. If it has any, that is.
Noncompete agreements are another form of slavery. I’m glad they’re going away.
Many were unreasonable.
I sold a biz and the non-compete they initially asked me to sign included all North America, Central America, and the Caribbean. I laughed and said no.
Might as well get rid of them. When they go to court non-competes always lose. They’re basically meaningless.
They are unenforceable anyway..................
For people with 'knowledge', it's likely to ignite a poaching frenzy... which is why the non-competes exist in the first place.
Another regulatory overreach. This administration just loves getting sued.
They’re like the exculpatory clauses in garages saying you’re responsible for your personal possessions left inside your vehicle. They’re largely not reality.
Glad to see this.
IF YOU DO NOT WISH TO SIGN A NON-COMPETE CLAUSE-—DO NOT TAKE THE JOB OR CONTRACT.
PERIOD
TOO MANY “WANNA-BE’S” Want to ride someone else’s coat tails.
Seems like yet another unconstitutional interference in contract law. But that’s why the bureaucrats do it.
But this is a set up for something. I’m not sure what, yet, but I have a feeling it is about hurting Trump and Trump businesses.
Something stinks about this.
Enforceability of non-compete agreements is a state law issue. In Texas they are generally enforceable, subject to a reasonableness test as to area and duration.
The FTC should have no jurisdiction or legal authority to abrogate private contracts that are otherwise enforceable. Unless there is a constitutional right implicated or some other federal question, the feds have no authority to regulate this. But that won’t stop them.
I’ve always ignored them. Not constitutional.
Will not affect the illegal aliens though... this only applies to tax payers and those subject the laws, the IRS, etc.
Maybe now they can start to seal the Souther Border;) Afterall, the employers have a new class of hostages. Just change a rule - SCOTUS should get right on this because something of this magnitude requires Congress to pass lesigation making a law - per the 2022 SCOTUS RULING on Agencies creating rule, laws, etc. SCOTUS stated that Congress has not been doing their jobs.
How do ordinary Americans get a class action law suit the prevents Federal Agencies from enacting rules with the force of law? SCOTUS has not shut down the Agencies so we have to constantly deal with the EPA, FTC, ATF, FBI, etc.
Time for Change. Time to make Congress do something besides give money to Ukraine.
“ arguing the agency lacked the jurisdiction to enact the rule and that such moves should be made in Congress.”
Sound constitutional reasoning.
Unfortunately, that ship has sailed.
Why? The rule does not apply to propriety matters such as intellectual property which are rightly protected from theft. It simply means for example if you worked as a bookkeeper at Dowee,Cheatham,& Howe they can’t make you agree that you will never start your own bookkeeping business or work for another firm in that capacity.
“ It’s also going to make it harder for them to be hired.”
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Depending upon what they were working on in their previous company, CHICOM SUBSIDIARIES in the US will be very eager to hire them to pick their brains.
DON’T DOUBT THUS!😿😿🙀🙀