2 ms·
Noncompetes are terrible and should be banned as a matter of public policy. But it's a legal atrocity that the FTC gets to, by fiat, throw out massive numbers
by slavboj 2y ago
Noncompetes are terrible and should be banned as a matter of public policy. But it's a legal atrocity that the FTC gets to, by fiat, throw out massive numbers of existing contracts, because they woke up one day and decided they are suddenly "unfair competition" (mind you, not lack of competition). They could just as easily decide that companies "compete unfairly" by making employees better offers - and in fact did exactly this during the FDR administration!
- advisedwang 2y agoFwiw virtually every contract has a severability clause so only the non-compete clauses were really on the line here, not whole contracts.