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Business owners should proactively identify, understand and meet business and estate deadlines, especially those hidden in contracts or left unresolved before death. Preventing a missed deadline is far easier and less costly than trying to fix one afterward.
Litigation is costly, risky, and often avoidable — by reading, understanding, and negotiating your contracts carefully, businesses can protect themselves, prevent disputes, and focus their resources on growth instead of the courtroom.
It all depends on who the parties are, the purpose or circumstances of the clause, and the outcome of pending legal challenges to the FTC’s final rule.
Since April 23, when the Federal Trade Commission (FTC) announced its final rule regarding noncompete clauses, I have received numerous calls and emails asking if such clauses are no longer binding and effective.