Partner Seth Gerber is quoted in a World IP Review article about a final rule issued by the Federal Trade Commission that bars employers from using noncompete clauses with their workers. Seth said that the ruling will prompt many companies to rethink the breadth and impact of their restrictive covenants, including confidentiality agreements.
“The FTC is breaking down the traditional barriers of restrictive covenants in order to encourage the sharing of innovative ideas to spur entrepreneurship and economic growth,” Seth said.
“Non-competes will no longer exist as a blunt force means to silo intellectual property behind corporate walls.”
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