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Significant Changes to Non-Compete Clauses in California for both Employees & Employers Effective January 1, 2024, two new laws under the California Business and Professions Code provide even stronger employee protections against unlawful non-compete clauses or agreements. Post-employment non-compete agreements are generally void in California. That has been settled law since Edwards v. Arthur Andersen, LLP, 44 Cal. 4th 937,…
Borrowers who received Paycheck Protection Program (PPP) loan proceeds may want to wait to apply to their lender for loan forgiveness until after June 30, 2020. Borrowers may apply to their lenders to receive loan forgiveness at the end of the covered eight-week period (i.e. the conclusion of the 56 days from receipt of the…
The PPP loan opened on Friday, April 3, 2020, two weeks ago today. These loans are being approved by the SBA, but they are being made through lenders and various FinTech companies (think Square and QuickBooks). While any lender can make the loan, we found out quickly that banks restricted applications to their existing clients. …
The U.S. Department of Labor has published guidance further explaining Paid Sick Leave and Expanded Family and Medical Leave under the Families First Coronavirus Response Act (“Act”). Please note that the Act is now effective as of April 1, 2020 through December 31, 2020. The Act provides that covered employers must provide to all employees: Two…
Can the Coronavirus pandemic excuse you or your company from performing contract obligations? Could it be used as an excuse for a vendor, customer or client to breach their contract with you? In this unprecedented time, the answer depends on the facts of your situation and should be discussed with your attorney. Talk to one…