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What 2024's Noncompete Turmoil Means For Banks In 2025

By Matthew Penfield and Meredith Taylor ( January 6, 2025, 2:38 PM EST) -- Arguably among the most significant employment-related issues the banking and financial services industry faced in 2024 were legal challenges to the enforceability of various restrictive covenants in employment agreements. The banking and financial services industry is one of the top industries to utilize restrictive covenants such as noncompete and nonsolicitation agreements.[1]...

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