The Advisors' Blog

In January, John blogged about the FTC’s proposed ban on the use of non-competes and the potential impacts on executive compensation programs. While the FTC’s proposal has yet to be adopted, there have been several state-level developments. This client alert from Meridian Compensation Partners notes that in July, “Minnesota became the fourth state (along with California, Oklahoma and North Dakota) to ban non-compete agreements. New York is poised to implement a similar ban. Other states, such as Colorado, Illinois, Oregon and Nevada, have recently passed laws that impose partial restrictions on non-competition agreements.”

The New York ban, awaiting the Governor’s signature, is one of the more restrictive bills. Bloomberg reported last month that the bill is facing some opposition — or at least lobbying groups and business associations are seeking exceptions.

For those looking to keep up with this rapidly changing area, we’re posting resources related to non-competes and actions by the FTC, NLRB and various states in our “Non-Competes” practice area here on CompensationStandards.com.

– Meredith Ervine