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re: How does the FTC have the authority to do this - Non Compete ?

Posted on 4/24/24 at 9:00 am to
Posted by Indefatigable
Member since Jan 2019
29917 posts
Posted on 4/24/24 at 9:00 am to
quote:

If I hire a new employee, give them access to privileged company information, and then they leave to work for a competitor, I don't see how they could possibly do so without using the knowledge they gained from employment in my company to help my competitor potentially taking away my business.

If you are in Louisiana, you can have a separate confidential and trade secret information agreement that is completely separate from a covenant not to compete or solicit. And it is enforceable, even under the new rule.

Can't speak to other states on those specific points, but I cannot imagine it would be much different.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
432330 posts
Posted on 4/24/24 at 9:03 am to
Yeah in LA we have at least 3 statutes/regs that cover these aeras.

1. LA Trade Secrets Act, LA RA 51:1431, et seq

2. LA Unfair Trade Practices and Consumer Protection Law. (LUTPA), LA RS 51:1401, et seq

3. Our non-compete statute: LA RS 23:921

This regulation should only cover #3 above.
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