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How does the FTC have the authority to do this - Non Compete ?
Posted on 4/24/24 at 6:44 am
Posted on 4/24/24 at 6:44 am
LINK
How does the fed gov have the authority to change Florida contract law (for example) ?
quote:
FTC Announces Rule Banning Noncompetes
quote:
“The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market.”
quote:
nder the FTC’s new rule, existing noncompetes for the vast majority of workers will no longer be enforceable after the rule’s effective date. Existing noncompetes for senior executives - who represent less than 0.75% of workers - can remain in force under the FTC’s final rule, but employers are banned from entering into or attempting to enforce any new noncompetes, even if they involve senior executives.
How does the fed gov have the authority to change Florida contract law (for example) ?
Posted on 4/24/24 at 6:49 am to dafif
Do these companies engage in interstate commerce? Do they benefit from corporate/LLC taxation at the federal level?
Also, why would states want to infringe on individual freedom?
Also, why would states want to infringe on individual freedom?
Posted on 4/24/24 at 6:52 am to dafif
I think this is wonderful. Corporations have enough power.
Non-competes outside of select scenarios with executive leadership are horseshite.
Non-competes outside of select scenarios with executive leadership are horseshite.
Posted on 4/24/24 at 6:56 am to dafif
Arkansas football has been on a non-compete for years.
Posted on 4/24/24 at 6:57 am to dafif
If college athletes can transfer whenever and play wherever immediately then why not this?
Posted on 4/24/24 at 7:08 am to dafif
Most non-competes aren't enforceable anyway. People/Companies use them as a scare tactic.
Posted on 4/24/24 at 7:18 am to dafif
quote:
How does the FTC have the authority to do this - Non Compete ?
It doesn’t. Like a lot of other Biden crap, this will end up at SCOTUS. One executive agency can’t change contract law.
Posted on 4/24/24 at 7:19 am to dafif
Pretty crazy. I studied with a friend at LSU, he went on to Cornell for grad school then to IBM in Burlington. He works on the next generation battlefield, all controlled through satellite connectivity for the US military…the driverless car world stuff…his non compete is 10 years. If he can just go start a company with US government secret technology then I’m calling him today.
This post was edited on 4/24/24 at 7:21 am
Posted on 4/24/24 at 7:31 am to dafif
I'm no lawyer, but the current strategy on the left seems to be use executive action/regulatory agency power to make some ruling that is probably illegal/unconstitutional, and force the right to litigate it, which likely will take years. In the interim all kinds of damage is done that in many cases can't or won't be undone. Biden's student loan transfer is a great example of this and this is likely another.
Posted on 4/24/24 at 7:57 am to dafif
OK so I broke my rule to read the reg and it's literally posted on page 1 of the pdf
Now will it get struck down? I don't know, but that answers OP.
quote:
SUMMARY: Pursuant to sections 5 and 6(g) of the Federal Trade Commission Act (“FTC Act”),
Now will it get struck down? I don't know, but that answers OP.
Posted on 4/24/24 at 8:00 am to dafif
If you owned a business that operated in Texas, for example, this new rule would allow a new employee to access your client contact list, then leave your company to start their own and start stealing your clients. Companies should have the right to offer employment contingent on the condition that you will not leave and attempt to steal clients. If you don't like that agreement, you don't have to work for the company.
Posted on 4/24/24 at 8:56 am to dafif
Noncompetes are dumb. But people
Ought to be able to agree to them.
Ought to be able to agree to them.
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