Non-compete clause

Seward & Kissel LLP Survey Offers New Insight on Noncompete Agreements

Retrieved on: 
Monday, February 24, 2020

Seward & Kissels report, Noncompete Agreements Under the Microscope: A Survey of Recent Trends, analyzes various legislative and judicial developments regarding noncompete agreements that may place such agreements in jeopardy.

Key Points: 
  • Seward & Kissels report, Noncompete Agreements Under the Microscope: A Survey of Recent Trends, analyzes various legislative and judicial developments regarding noncompete agreements that may place such agreements in jeopardy.
  • The report identifies proposed and existing legislation governing noncompete agreements in the six states and includes a practical chart indicating how current and proposed legislation addresses various issues such as noncompete duration, compensation during the noncompete period, and circumstances in which noncompete agreements are prohibited.
  • The Noncompete Agreements Under the Microscope report offers a snapshot of the law covering noncompete agreements in six high-profile states.
  • Seward & Kissel LLP , founded in 1890, is a leading U.S. law firm with an international reputation for excellence.

Rent-to-Own Operators Settle Charges that They Restrained Competition through Reciprocal Purchase Agreements

Retrieved on: 
Friday, February 21, 2020

Rent-to-own operators Aarons Inc., Buddys Newco, LLC, and Rent-A-Center, Inc. have agreed to settle FTC charges that they negotiated and executed reciprocal purchase agreements in violation of federal antitrust law.

Key Points: 
  • Rent-to-own operators Aarons Inc., Buddys Newco, LLC, and Rent-A-Center, Inc. have agreed to settle FTC charges that they negotiated and executed reciprocal purchase agreements in violation of federal antitrust law.
  • These reciprocal agreements likely led to store closures that may not have occurred otherwise, resulting in reduced competition for quality and service in the remaining stores, according to the complaints.
  • The FTCs orders get rid of the agreements, reopen affected markets to competition, and bar these companies from doing this again.
  • The FTCs consent agreements prohibit the three RTO companies and their franchisees from entering into any reciprocal purchase agreement or inviting others to do so, and from enforcing the non-compete clauses still in effect from the past reciprocal purchase agreements.

Rent-to-Own Operators Settle Charges that They Restrained Competition through Reciprocal Purchase Agreements

Retrieved on: 
Friday, February 21, 2020

Rent-to-own operators Aarons Inc., Buddys Newco, LLC, and Rent-A-Center, Inc. have agreed to settle FTC charges that they negotiated and executed reciprocal purchase agreements in violation of federal antitrust law.

Key Points: 
  • Rent-to-own operators Aarons Inc., Buddys Newco, LLC, and Rent-A-Center, Inc. have agreed to settle FTC charges that they negotiated and executed reciprocal purchase agreements in violation of federal antitrust law.
  • These reciprocal agreements likely led to store closures that may not have occurred otherwise, resulting in reduced competition for quality and service in the remaining stores, according to the complaints.
  • The FTCs orders get rid of the agreements, reopen affected markets to competition, and bar these companies from doing this again.
  • The FTCs consent agreements prohibit the three RTO companies and their franchisees from entering into any reciprocal purchase agreement or inviting others to do so, and from enforcing the non-compete clauses still in effect from the past reciprocal purchase agreements.

FTC Extends Deadline for Comments on Workshop Addressing Non-Compete Clauses in Employment Contracts

Retrieved on: 
Tuesday, January 28, 2020

Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.

Key Points: 
  • Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.
  • The workshop considered whether there is a sufficient legal basis and empirical economic support to promulgate a Commission Rule that would restrict the use of non-compete clauses in employment contracts.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through March 11, 2020.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Extends Deadline for Comments on Workshop Addressing Non-Compete Clauses in Employment Contracts

Retrieved on: 
Tuesday, January 28, 2020

Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.

Key Points: 
  • Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.
  • The workshop considered whether there is a sufficient legal basis and empirical economic support to promulgate a Commission Rule that would restrict the use of non-compete clauses in employment contracts.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through March 11, 2020.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Extends Deadline for Comments on Workshop Addressing Non-Compete Clauses in Employment Contracts

Retrieved on: 
Tuesday, January 28, 2020

Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.

Key Points: 
  • Following a recent public workshop on non-compete clauses in employer-employee contracts, the Federal Trade Commission has extended the deadline for public comments from Feb. 10, 2020 to March 11, 2020.
  • The workshop considered whether there is a sufficient legal basis and empirical economic support to promulgate a Commission Rule that would restrict the use of non-compete clauses in employment contracts.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through March 11, 2020.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues

Retrieved on: 
Friday, January 3, 2020

Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.

Key Points: 
  • Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through February 10, 2020.
  • The Federal Trade Commission develops policy initiatives on issues that affect competition, consumers, and the U.S. economy.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues

Retrieved on: 
Friday, January 3, 2020

Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.

Key Points: 
  • Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through February 10, 2020.
  • The Federal Trade Commission develops policy initiatives on issues that affect competition, consumers, and the U.S. economy.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues

Retrieved on: 
Friday, January 3, 2020

Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.

Key Points: 
  • Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation.
  • Interested parties may submit public comments electronically or in paper form on these topics or other related topics through February 10, 2020.
  • The Federal Trade Commission develops policy initiatives on issues that affect competition, consumers, and the U.S. economy.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.