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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April 16, 2020 Minnesota Lawyer and Finance & Commerce - Partner Content Authors: Dan Heilman - Owner/independent writer and editor at Daniel S. Heilman LLC As Art Boylan joined the executive committee at Anthony Ostlund Baer & Louwagie, he was reminded of a catch-all expression phrase one of his early mentors used to describe the job of lawyering: This is a hell of a way to make a living. “I’ve applied that comment...
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