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Varnum Attorneys Support FTC on Proposed Ban of Non-Compete Agreements

May 2, 2023

On April 19, 2023, in response to the FTC’s request for comments, Varnum attorneys Ziyad Hermiz and Timothy Monsma joined several leading law firms across the country to sign a letter to the Federal Trade Commission (FTC) calling for a cautious approach to testing the potential impacts of the proposed ban on non-compete agreements.

The letter, which was submitted by more than 100 attorneys who advise on and litigate matters on behalf of employers involving trade secrets and restrictive covenants, raises concerns and practical considerations for businesses stemming from the FTC’s unprecedented attempt to limit the use of non-compete agreements in employment contracts.  The letter further provides a path to achieve the FTC’s objectives while minimizing risks to workers, companies and the economy.

Varnum attorneys are closely monitoring this situation and will be providing updates to our clients as the FTC’s initiative further develops.

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