Non-compete agreements are tools utilized by employers to protect their interests, including the employer’s trade secrets, customer goodwill, and other proprietary business information. However, in light of the increased bargaining power being exercised by employees in the midst of the “Great Resignation” and changes happening on the Federal and state levels, it is now more important than ever to carefully consider how and when to require non-competition and other restrictive covenants.
Paul T. Rushton, the Chair of our Business and Finance Department, tackles this issue in an article titled “One “Size” Does Not Fit All – Recent Labor and Legal Developments Suggest More Judicious Use of Non-Competition and other Restrictive Covenants.” In it, he summarizes the latest efforts being undertaken on the Federal and state level to curtail the use of “unfair” non-competition covenants and suggests steps that can be taken by employers to address the use of restrictive covenants in light of such efforts and the current labor conditions.
Paul’s article can be viewed here: https://bit.ly/3PiXCBR
If you would like to learn more about the issues addressed in Paul’s article, you can contact him via e-mail (prushton@rjglaw.com) or by calling 570-826-5623.