FTC NON-COMPETE RULE & WWE CONTRACTS EXPLAINED (Black Letter Bodyslam 7/10/24) w/ @DosEvil

WRESTLING SOUP

Wrestling Soup Network

Sports, Comedy, Wrestling

4.4 • 738 Ratings

🗓️ 11 July 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wrestling and Legal Issues: FTC Non-Compete Rule & WWE Contracts Explained
Jeff Lippman, also known as Evil Dose, discusses the intersection of wrestling and legal matters, focusing on the Federal Trade Commission's (FTC) rule on non-compete clauses. He provides updates on the FTC rule's status, including court actions involving the U.S. Chamber of Commerce and the potential national stay. Jeff also delves into the specifics of WWE contracts, clarifying the terminology of 'early termination' versus 'release' and its implications on non-compete clauses. He touches upon the Too Cold Scorpio case and promotes his other shows, Garden of Doom and Garden Views.
00:00 Introduction and Channel Update
00:37 FTC Rule on Non-Competes Explained
03:11 Legal Nuances of WWE Contracts
12:46 Discussion on Too Cold Scorpio Case
14:57 Conclusion and Additional Content

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Transcript

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0:00.0	Hey everyone. It's been a while. It is Jeff Lipman, Evil Dose, the Diabolical Attorney,
0:07.3	with the Black Letter Body Slam. And I just wanted to give you a little bit of an update on what's
0:12.8	going on. You know, I try to find issues that involve wrestling and the legal world where they
0:18.2	intersect, where they interest me and where I think they
0:21.1	might interest you or there could be some illumination.
0:23.6	Misch actually talked to me a little bit about talking about the two cold Scorpio case,
0:27.8	and I'm open to doing that, but I want to do that with him and not solo, unless that's
0:34.5	what his intention is.
0:35.9	Anyway, that's not what this is about.
0:37.9	I want to give you a little bit of an update on the FTC rule on non-competes and some of the ancillary
0:44.0	conversations going on around it. Let's start with the FTC rule. When I first talked to you about it,
0:49.9	I told you that I had suspicions that it may not see the light of day.
0:55.8	What's happened is it did get published in the register.
1:00.3	The 120 days has not expired.
1:03.0	In other words, the rule goes into effect.
1:05.0	I believe it's the beginning of September.
1:06.9	Since that time, we talked about how the U.S. Chamber of Commerce filed for injunctive
1:11.9	relief in the Eastern District of Texas, a federal court, for looking for a national stay on the
1:17.0	entire rule, just for all non-competes period. The court granted a partial stay for all members
1:24.3	of the United States Chamber of Commerce. The court further said that they'll
1:29.1	consider it in its entirety and issue a more formal global order. I believe the day was August 20th.
1:37.1	In other words, they're going to rule whether it's going to be a national stay before the rule goes into effect. So for the world
	...

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