Martinka Consulting's Getting the Deal Done Podcast
Discussion with Attorney Michelle Bomberger on the Changing World of Non-Compete Agreements
It's the Wild West with non-compete agreements. Michelle explains what's going on with:
Non-compete agreements
Non-solicitation agreements
In Washington state
On the federal level
Exempt versus non-exempt employees
And much more
A very timely and fast changing topic relevant to all business owners and buyers.
This was recorded prior to July 3, 2024 and on this date, a federal judge in Texas hearing the case against the FTC allowed an injunction for the plaintiffs only and plans to make a full ruling by August 30. There remains a chance that the judge will rule on August 30 that the FTC overstepped its authority and halt the implementation of the law. Because we cannot be sure, all companies, other than those participating in the lawsuit, should expect the law to go into effect on September 4 and be prepared to notify employees that their noncompetes are no longer valid.
Legal Disclaimer: The contents of this presentation are solely informational and not legal advice. Seek counsel from an attorney familiar with the specifics of your situation before taking or refraining from action.
For the Equinox matrix of non-compete agreements use this link: https://bit.ly/4bpFjp3
John Martinka
Jessica Martinka
Contact us via either website or give us a call and be sure to check out our videos
https://nokomisadvisory.com/
https://www.martinkaconsulting.com/
https://www.youtube.com/c/JohnAMartinka/videos
425-515-4903
It's the Wild West with non-compete agreements. Michelle explains what's going on with:
Non-compete agreements
Non-solicitation agreements
In Washington state
On the federal level
Exempt versus non-exempt employees
And much more
A very timely and fast changing topic relevant to all business owners and buyers.
This was recorded prior to July 3, 2024 and on this date, a federal judge in Texas hearing the case against the FTC allowed an injunction for the plaintiffs only and plans to make a full ruling by August 30. There remains a chance that the judge will rule on August 30 that the FTC overstepped its authority and halt the implementation of the law. Because we cannot be sure, all companies, other than those participating in the lawsuit, should expect the law to go into effect on September 4 and be prepared to notify employees that their noncompetes are no longer valid.
Legal Disclaimer: The contents of this presentation are solely informational and not legal advice. Seek counsel from an attorney familiar with the specifics of your situation before taking or refraining from action.
For the Equinox matrix of non-compete agreements use this link: https://bit.ly/4bpFjp3
John Martinka
Jessica Martinka
Contact us via either website or give us a call and be sure to check out our videos
https://nokomisadvisory.com/
https://www.martinkaconsulting.com/
https://www.youtube.com/c/JohnAMartinka/videos
425-515-4903