Readers of this blog know that long settled understandings regarding what constitutes adequate consideration for a restrictive covenant in Illinois were turned upside down when the First District Appellate Court in Illinois held in Fifield v. Premier Dealer Services Inc., 2013 IL App. (1st) 120327 that, absent other consideration, two years of employment are required for a restrictive covenant to be supported by adequate consideration, regardless of whether the covenant was signed at the outset of employment or after, and regardless of whether the employee quit or was fired.
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Recent Updates
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- Continued Employment May Constitute Sufficient Consideration for Noncompete Agreements in Connecticut, but Uncertainty Remains
- What the FTC Non-Compete Ban Block Means for Employers - Employment Law This Week Video
- Texas Court Shoots Down FTC Noncompete Ban Nationwide
- Florida Court Joins Texas Court in Granting Preliminary Injunction Against FTC’s Final Rule Banning Noncompetes, but Limits Scope of Injunction to Named Plaintiff