U.S. bans noncompete agreements for nearly all jobs
U.S. bans noncompete agreements for nearly all jobs
The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own.
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NDA is different than noncompete. Two companies sign an NDA so they can work together for example without fear the one or the other will disclose secrete information. Same between two regular folks. Like if I'm working on some plastic gizmo and I need to have a part made, I don't just send it out to any machine shop. I first ask them to sign my NDA so they don't just figure out my part and start selling it under a different name. 99% of the time there's no need, but that 1%, that's when you could be sitting on a goldmine and you end up giving it away for nothing.
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