Minnesota Lawyer and Finance & Commerce – Partner Content Authors: Dan Hall and Samantha Buckman On April 23, 2024, the Federal Trade Commission announced a final rule that, if upheld, will ban noncompetition clauses nationwide. The rule, which is scheduled to become effective 120 days after its publication in the Federal Register, would prevent the enforcement of existing noncompetition clauses – with limited exceptions – while prohibiting new noncompetition clauses in the future. The FTC rule, if it goes into effect, will be more expansive than Minnesota’s existing state ban on non-compete agreements, which took effect on July 1, 2023. See Minn. Stat. § 181.988. Unlike the Minnesota state law prohibition, which applies only prospectively, the FTC rule is retroactive and invalidates existing non-compete agreements. Both the...
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Written by: Minnesota Lawyer Richard Ostlund traces his trial success to being the son of a school teacher and coach in Walker. It taught him about community involvement and forging relationships, and it taught him to approach a jury as if it were a class of students. His legal career started at Lindquist & Vennum in 1982, making a path using what was then a new statute, Minn. Stat....
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