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Understanding Non-Compete Agreements and Recent FTC Regulations
Host: Steve Taylor, Founding Advisor at Merited Wealth
Guest: Andrew Adams, Practice Leader of Labor and Employment at Darrow Everett
Episode 48 Summary
In this episode, Steve Taylor dives into a detailed conversation with Andrew Adams, an experienced attorney specializing in labor and employment law. Together, they discuss the complexities surrounding non-compete agreements, the implications of the Federal Trade Commission’s (FTC) proposed rule changes, and how these changes may affect both employers and employees. Andrew shares valuable insights on what makes non-compete agreements reasonable, when they might be considered overreaching, and how non-solicit clauses fit into the broader legal framework.
Content Warnings
Discussion of legal and employment practices
Mentions of Labor Law Nuances
Guest Bio
Andrew Adams is a seasoned attorney with a robust background in labor and employment law. After earning his undergraduate degree in marine biology, he served in the Navy and worked in law enforcement while attending law school.
He has extensive experience representing both employer and employee interests and currently leads the labor and employment practice at Darrow Everett.
Key Points
Non-Compete Agreement Basics: Explanation of non-compete agreements, their purpose, and situations where they are typically applied.
FTC’s Proposed Rule Change: Overview of the potential ban or limitations on non-compete agreements and its implications for both employers and employees.
Employer Overreach: Discussion on how employers sometimes misuse non-compete agreements, applying them too broadly.
Non-Compete vs. Non-Solicit Clauses: Insights into how non-solicit agreements differ from non-competes and what could remain enforceable if the FTC rule is enacted.
Practical Guidance: Advice for employers on creating reasonable non-compete agreements and tips for employees navigating these contracts.
Main Topics Discussed
Non-Compete Agreement 101: Definition, use cases, and enforceability.
Reasonableness and Justification: When non-compete agreements are appropriate and justified.
FTC Regulation Overview: What the new rule proposes and its potential effects.
Employer Obligations: Notification requirements and adjustments if the rule is enforced.
Non-Solicit Agreements: What stays in play even if non-competes are ruled unenforceable.
Relevant Links
FTC Press Release on Proposed Rule Change
Legal Resource on Non-Compete and Non-Solicit Clauses
Merited Wealth Website
Guest and Crew Information
Host: Steve Taylor – LinkedIn
Guest: Andrew Adams – LinkedIn, Firm Profile
Subscribe to the podcast for more insightful episodes.
Leave a review if you found this episode helpful.
Follow us on social media for updates and behind-the-scenes content: LinkedIn, and Instagram.
Send us your suggestions for future topics or guests you'd like to hear from.
View all episodes
By Do it for YourselfHost: Steve Taylor, Founding Advisor at Merited Wealth
Guest: Andrew Adams, Practice Leader of Labor and Employment at Darrow Everett
Episode 48 Summary
In this episode, Steve Taylor dives into a detailed conversation with Andrew Adams, an experienced attorney specializing in labor and employment law. Together, they discuss the complexities surrounding non-compete agreements, the implications of the Federal Trade Commission’s (FTC) proposed rule changes, and how these changes may affect both employers and employees. Andrew shares valuable insights on what makes non-compete agreements reasonable, when they might be considered overreaching, and how non-solicit clauses fit into the broader legal framework.
Content Warnings
Discussion of legal and employment practices
Mentions of Labor Law Nuances
Guest Bio
Andrew Adams is a seasoned attorney with a robust background in labor and employment law. After earning his undergraduate degree in marine biology, he served in the Navy and worked in law enforcement while attending law school.
He has extensive experience representing both employer and employee interests and currently leads the labor and employment practice at Darrow Everett.
Key Points
Non-Compete Agreement Basics: Explanation of non-compete agreements, their purpose, and situations where they are typically applied.
FTC’s Proposed Rule Change: Overview of the potential ban or limitations on non-compete agreements and its implications for both employers and employees.
Employer Overreach: Discussion on how employers sometimes misuse non-compete agreements, applying them too broadly.
Non-Compete vs. Non-Solicit Clauses: Insights into how non-solicit agreements differ from non-competes and what could remain enforceable if the FTC rule is enacted.
Practical Guidance: Advice for employers on creating reasonable non-compete agreements and tips for employees navigating these contracts.
Main Topics Discussed
Non-Compete Agreement 101: Definition, use cases, and enforceability.
Reasonableness and Justification: When non-compete agreements are appropriate and justified.
FTC Regulation Overview: What the new rule proposes and its potential effects.
Employer Obligations: Notification requirements and adjustments if the rule is enforced.
Non-Solicit Agreements: What stays in play even if non-competes are ruled unenforceable.
Relevant Links
FTC Press Release on Proposed Rule Change
Legal Resource on Non-Compete and Non-Solicit Clauses
Merited Wealth Website
Guest and Crew Information
Host: Steve Taylor – LinkedIn
Guest: Andrew Adams – LinkedIn, Firm Profile
Subscribe to the podcast for more insightful episodes.
Leave a review if you found this episode helpful.
Follow us on social media for updates and behind-the-scenes content: LinkedIn, and Instagram.
Send us your suggestions for future topics or guests you'd like to hear from.