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Policymakers are paying attention. There have been moves in Australia, Canada, Finland, the Netherlands, the UK and some US ...
In one survey the CMA, the UK’s competition regulator, drew on, roughly 26 per cent of employees thought they had a non-compete clause in their contract, with another 23 per cent unsure.
Non-compete clauses have long been a feature of employment contracts in the UK, but their use has repeatedly come under scrutiny. While they continue to play an important role in protecting businesses ...
To make sure non-compete clauses are not abused by businesses, she added, there are already other provisions in place. "The process that exists at the moment, the way that tribunals or courts work, is ...
Earlier this year, for instance, the Federal Trade Commission proposed a rule banning non-compete clauses in new employment contracts, as well as rescinding existing ones. The DBT’s proposed ...
A non-compete clause should be as specific as possible if you are the buyer of a business. Include the type of business activities the seller may not engage in, the geographic area in which he may ...
In Europe, the UK government announced last year that it will restrict the enforceability of non-compete clauses to three months, saying their use limits the workers’ professional mobility.
Recognising the need for reform, the UK government proposed limiting the duration of non-compete clauses to a maximum of three months post termination of the employment contract. Related Columnists ...
Non-compete clauses prevent employees from joining competitors to protect business secrets. FTC proposed banning non-competes, arguing they suppress wages and inhibit innovation. If banned, non ...
To protect its workforce amid fierce competition for AI talent, Google DeepMind has introduced a non-compete clause for certain UK employees, preventing them from joining rivals like Microsoft or ...
The FTC proposed the Non-Compete Clause Rule on Jan. 19, 2023, pursuant to Section 5 of the FTC Act (15 USC 45) based on the Commission's expertise, empirical research, and over 26,000 public ...
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