New York Law Would Potentially Ban Most Non-Compete Agreements

Bill Approved by Legislature and Awaits Governor’s Signature

In early 2023, the U.S. Federal Trade Commission proposed a rule that would prohibit most noncompete agreements (and would be applied retroactively to all non-competes). Following the FTC’s lead, the U.S. Congress is considering a federal law that would render most such agreements void and unenforceable.

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New Law Changes Rules on Separation Agreements in New York

New York lawmakers have passed an amendment to the General Obligations Law and Governor Kathy Hochul inked the legislation, which went into effect on November 17, 2023. The amendment addresses the issue of confidentiality in settlements or separation agreements involving allegations of discrimination, harassment or wrongful retaliation in the workplace.

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