Patrick McGovern Shares Insights "Noncompete decision: N.J. lawyers express some concern — and a lot of caution"

The decision by the Federal Trade Commission to ban most noncompete agreements — and have the ruling go into effect in 120 days — certainly sent shockwaves throughout the business community Tuesday night, hours after it was released.

On Wednesday, numerous New Jersey lawyers offered the following advice: Slow down, take a minute to gain an understanding of what this really means — and understand there is little chance this will take effect in 120 days, if at all.

Lawsuits challenging the ruling are being filed.