Barry Brooks

[co-author: Luyi Song] On January 5, 2023, the Federal Trade Commission (“FTC”) announced a proposed regulation (the “Proposed Rule”) that would ban non-compete agreements imposed against workers by employers. The Proposed Rule includes a narrow sale-of-business exception (the “Proposed Exception”) that would permit a non-compete clause to be enforceable against persons holding at least a 25% ownership interest in the business entity involved in a transaction.

On January 5, 2023, the Federal Trade Commission (“FTC”) announced a proposed regulation (the “Proposed Rule”) that would ban non-compete agreements imposed against workers by employers. The Proposed Rule includes a narrow sale-of-business exception (the “Proposed Exception”) that would permit a non-compete clause to be enforceable against persons holding at least a 25% ownership interest in the business entity involved in a transaction.

By Christopher Austin, Barry Brooks, Thomas Brown, David Hernand and Chuck Patrizia April 13, 2020, 6:02 PM EDT Law360 (April 13, 2020, 6:02 PM EDT) -- Christopher Austin Barry Brooks Thomas Brown David Hernand Chuck Patrizia The $2 trillion stimulus the Coronavirus Aid, Relief and Economic Security, or CARES, Act enacted on March 27, has venture- and private equity-backed companies and their investors scrambling to digest the 883-page text of the act.[1] A centerpiece of the act is the...