Agreements

"Noncompete Agreements: A Legal Minefield as States Diverge on Enforcement Rules"

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Washington, D.C. — Efforts to establish a federal law prohibiting noncompete agreements have stalled, a situation compounded this month when President Donald Trump rescinded former President Joe Biden’s 2021 executive order directing the Federal Trade Commission to regulate such agreements. As a result, state laws will remain the determining factor for the validity of noncompete clauses for the foreseeable future. The difference in state legislation is causing significant confusion for employers, who must now navigate a patchwork of rules that govern the enforceability of noncompete agreements. In a striking example, Florida enacted the CHOICE Act … Read more

"Navigating Prenup Season: Family Lawyers Prepare for a Surge in Prenuptial Agreements Ahead of Summer Weddings"

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As summer approaches, many couples look forward to wedding celebrations. However, for family lawyers, this season marks the rise of prenuptial agreements. In recent years, many have observed a surge in requests for these legal contracts from clients in April and May as they prepare for upcoming nuptials. Clients range from first-time brides and grooms with existing wealth to those entering second or third marriages seeking to secure their inheritances for children from prior relationships. Currently, prenuptial agreements, or PNAs, lack a definitive legal status without court approval. However, if crafted in compliance with certain … Read more

Reed Smith Expert Advises Careful Review of FuelEU Deadlines in Ship Sale and Purchase Agreements

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London, UK – As legislative landscapes evolve, maritime sector professionals are being reminded of critical legal requirements that could have significant financial implications on ship sale and purchase (S&P) agreements. Reed Smith’s maritime attorney highlighted crucial considerations regarding the upcoming FuelEU Maritime regulations during a recent industry briefing. With these regulations set to reshape compliance standards, stakeholders are urged not to lose sight of their deadlines amidst contractual negotiations. FuelEU Maritime is a suite of regulations aimed at reducing greenhouse gas emissions within the maritime industry, part of a broader European Union agenda focused on … Read more

Federal Judge Upholds Decision to Terminate Numerous USAID Contractor Agreements

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Washington, D.C. — A federal judge has recently ruled against a group of contractors working with the United States Agency for International Development (USAID), who sought to prevent the abrupt termination of their contracts. The contractors argued that their sudden dismissal would cause irreparable harm both to their operations and the ongoing aid programs critical to international development and relief efforts. The decision came after a heated court battle where attorneys representing the contractors pleaded for an injunction that would temporarily halt the USAID’s plan to sever contracts. They claimed that the termination not only … Read more