Insight
The FTC is actively scrutinizing companies for the use of "unjustifiable noncompetes" in employment contracts.
Mortgage Connect noncompete agreement ruled unenforceable by Pennsylvania judge
Summary
A Pennsylvania judge ruled a noncompete agreement unenforceable due to its overly broad scope, restricting a former employee's work in the mortgage industry. The FTC is scrutinizing similar agreements, warning of potential violations of antitrust laws. This ruling underscores the importance of carefully reviewing employment contracts to avoid legal challenges.
Key takeaway