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DTSTART;TZID=America/New_York:20240611T133000
DTEND;TZID=America/New_York:20240611T143000
DTSTAMP:20240430T155244Z
CREATED:20240430T155041Z
LAST-MODIFIED:20240430T155244Z
UID:10000209-1718112600-1718116200@www.acec.org
SUMMARY:New Federal Ban on Noncompete Agreements
DESCRIPTION:Tuesday\, June 11\, 2024\, 1:30 – 2:30 PM Eastern \nThe Federal Trade Commission has issued a final rule that bans most noncompete agreements\, with the exceptions of existing noncompetes for certain senior executivesand owners of a firm that is being acquired. If and when the rule becomes effective\, employers must notify all other employees that their noncompetes will not be enforced. The rule is scheduled to take effect in August but has already been challenged in court. \nNoncompete agreements are often included in ownership or shareholder agreements to prevent someone from taking employees\, proprietary information\, and clients with them if they leave the firm. They are also routinely used in acquisitions of other firms. \nThis rule could significantly impact business decisions related to M&A as well as firm owners and employees currently working under such agreements. ACEC is offering a special webinar to help you understand what the new rule means to your firm and steps you can take to protect proprietary information. \nAfter attending this session\, participants will: \n\nUnderstand what is in the FTC rule\nLearn about other restrictive covenants\, such as non-solicit and non-disclosure agreements\, that the FTC might consider the equivalent of a non-compete\nUnderstand the legal challenges to the rule\nDiscuss approaches to protecting proprietary information and clients if the ban on noncompete agreements is upheld in court\n\nPresenters: Andrew Kilberg and Julian Kleinbrodt\, Gibson Dunn \n \n*The recording will be added to the class materials the following day.
URL:https://www.acec.org/event/new-federal-ban-on-noncompete-agreements/
LOCATION:Online
CATEGORIES:Online Education
ATTACH;FMTTYPE=image/png:https://www.acec.org/wp-content/uploads/2024/04/Noncompete.png
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