The US Federal Trade Commission (FTC) recently made a historic announcement that has sparked a conversation about worker rights and job mobility. The Commission declared that non-competition clauses in employment contracts are now invalid, effective immediately. This decision was welcomed by US President Joe Biden, who believes that workers should be free to choose jobs that offer better pay and working conditions.
In Israel, the non-compete clause is considered illegal and not recognized by the courts, with a few exceptions. This move by the FTC may have significant implications for the labor market and the rights of workers across the country. It is worth noting that this decision will likely impact small business owners who rely on non-compete clauses to protect their intellectual property and confidential information.
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Overall, this decision by the FTC could have far-reaching implications for workers’ rights and job mobility across the country. It will be interesting to see how this decision impacts small businesses and whether other countries will follow suit in the future.