The FTC made headlines recently with their decision to ban non compete
agreements, and the reactions have been strong on both sides. In this episode,
David and Brad will tackle the hot-button issue and the legal ramifications.
Noncompete agreements have long been a staple in employment contracts,
designed to prevent employees from jumping ship to a competitor or starting a
competing business. However, the FTC’s bold move to outlaw these agreements
has sparked a debate that goes beyond legal jargon to the very philosophy of
business and employment.
With over 30 million employees affected, the implications are vast for both
employers and workers. Join us for an in-depth discussion on the legal, business,
and philosophical perspectives of noncompetes, including the potential
constitutional challenges and what this means for the future of employment
contracts.
Here’s some of what we discuss in this episode:
0:00 – Intro on decision to ban non compete agreements
1:55 – How a non-compete works
8:05 – What does it means for businesses?
14:52 – Protection for employers
18:02 – Non-solicitation agreements
20:02 – What we would tell people
Read more about the FTC decision: https://www.ftc.gov/news-events/news/…
About our guest: https://www.voasela.org/board-of-dire…
Schedule a free consultation: https://www.scottvicknair.com/contact/