Understanding the New FTC Ruling Banning Non-Compete Agreements

[@notorangemarm2454]

Are noncompetes still enforceable if paired within an employment agreement? That’s the situation I’m in, not a senior exec.

[@LighthouseLabServices]

In many instances, it appears they won't be enforceable. However, you will want to consult with an attorney to review your specific agreement to be sure.

[@nickkkk495]

Would this non compete ban impact sales people? That’s what I’m trying to find out

[@LighthouseLabServices]

In many instances, yes. However, it will depend on their employment status as mentioned in the video (ie: whether they are a contractor, etc.)

[@nickkkk495]

@@LighthouseLabServices I’m an independent contractor. I work as a real estate agent. I signed a non compete with my team lead but now I want to go off and be a solo agent. The non compete says I can’t stay at the same company but I don’t want to move to another brokerage. Do you think I can say “sorry I’m staying here as a solo agent. The non compete I signed is no longer enforceable and you cannot tell me which company I can and cannot work for”

[@LighthouseLabServices]

@@nickkkk495, unfortunately we can't offer direct legal advice here. Your best course of action would be to review your specific clause with an attorney. Best of luck going solo!

[@nickkkk495]

@@LighthouseLabServices thank you so much!!!

[@LighthouseLabServices]

@@nickkkk495 You're welcome!

[@brandonwallace5329]

Do you vet your presenter’s prior to educating on important topics? This was hard to listen to, um, ah, um…🤦🏼‍♂️

[@LighthouseLabServices]

We do vet our presenters but apologize that you found this to be difficult to parse. We prioritize legal knowledge and expertise when presenting a topic such as this, especially considering the uncertainty over how it will be enforced.