Should You Sign a Non-Compete After Being Acquired?

Should You Sign a Non-Compete After Being Acquired?

Columnist John D. Wagner says, "When your company is acquired, the acquirer will request that key people sign a non-compete agreement."

Non-compete clauses may be banned by 2027 – here’s what small businesses should do now

Two legal professionals break down what the non-compete clause ban could mean for you, and outline some steps to take now. With the re-election of the Albanese government, the proposed ban on non-compete clauses, which was announced during this year’s budget, remains on the table. The proposed ban follows the release of the Treasury’s Issues Paper in April 2024, which considered the impact of non-competes and other employment restraints. Because…