The Maryland Daily Record had an article yesterday about the Federal Trade Commission (FTC) proposed rule to ban noncompete agreements. The rule would make noncompete agreements illegal for employers and void for employees.
Covenants not to compete, also known as non-compete agreements, are contracts between employers and employees in Maryland that prevent employees from competing with their employers for a specific period of time after termination of employment. These agreements are meant to protect the employer’s business interests, trade secrets, and confidential information.
Let’s look at Maryland covenant not to compete law and the key Maryland cases dealing with covenants not to compete.