Imagine paying millions to acquire a company only to later discover the restrictive covenants in the employment agreements of high-level executives were unenforceable. That’s precisely what happened ...
On January 5, 2023, Federal Trade Commission (FTC) Chair Lina Khan announced a proposed federal regulation that, if enacted, would invalidate non-competes and similar restrictive covenants that are ...
Employers seek reliable means for keeping their former key employees from interfering with their customer relationships. Restrictive covenants have long played a role in employment law to achieve that ...
Late last year two rival appliance companies, Whirlpool and Electrolux, battled it out in the courts over a district sales manager who was enticed to jump between the companies. The sales manager had ...
It is not unusual for employment contracts to have a noncompete clause. A noncompete clause is a restrictive clause designed to protect employers from having employees take business away when they ...