In this Quick Chat video, Baker McKenzie's Labor and Employment, Trade Secrets and Antitrust lawyers explore the impact on employers of the severe limitations on post-employment noncompete restrictions outlined in President Biden's Executive Order on Promoting Competition in the American Economy and the supporting Fact Sheet.

While not at all unexpected, President Biden’s Executive Order is catapulting the use of post-employment noncompetes to the forefront of conversations and business planning for US employers. Baker McKenzie attorneys address what employers should do now to prepare for anticipated action by the Federal Trade Commission and Department of Justice in line with the Executive Order, including taking inventory of their noncompete agreements and considering the impact of any wide-spread rulemaking to how the organization manages employee-raiding/poaching, maintenance of trade secrets and confidential information, and M&A.

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