Breaking Barriers: US Federal Trade Commission Bans Non-Competition Clauses in Employment Contracts, Sets Stage for Global Change
The US Federal Trade Commission (FTC) has recently announced a ban on non-competition clauses in employment contracts. The Commission has stated that such clauses in existing employment contracts are now deemed invalid, which is a move that has been welcomed by US President Joe Biden. Biden believes that workers should have the freedom to choose jobs that offer better pay and working conditions.
This decision by the FTC could have significant implications for the labor market and the rights of workers across the country. It is worth noting that in Israel, non-compete clauses are considered illegal and not recognized by the courts, with a few exceptions. This move may set a precedent for other countries to follow.
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Overall, it will be interesting to see how this decision impacts the labor market and whether other countries will follow suit in the future.
