"We're seeing this at the state level all over the place and I think the FTC ban is going to go through," says Mary Guzman, founder and CEO of Crown Jewel Insurance. "I think this is going to be an absolute game changer for trade secrets and the risk around them." Credit: Tashatuvango/Shutterstock.com
The New York legislature sent a bill to the governor's desk that would make it the fifth state to effectively ban noncompete agreements, while the Federal Trade Commission has also proposed a rule that bans noncompetes, which the commission contends "suppresses wages, hampers innovation and block entrepreneurs from starting new businesses."
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
