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April 26, 2024
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule banning noncompete clauses in certain employment contracts as an unfair method of competition. This rule is limited to postemployment restraints (i.e. restrictions on what the worker may do after the conclusion of the worker’s employment) and does not apply to in-term restraints (i.e. restrictions on what the worker may do during the worker’s employment).
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March 28, 2024
Effective as of March 20, 2024, New York’s Property Condition Disclosure Act, in effect since 2002, no longer permits a seller of residential real estate to opt out of delivering a Property Condition Disclosure Statement by giving the Purchaser a $500 closing credit.
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February 27, 2024
In a region where housing affordability and availability have long been pressing issues, the State’s recent designation of seven Hudson Valley municipalities as Pro-Housing Communities marks a significant state step forward in the allocation of economic development funds and incentivizing municipalities to address the affordable housing crisis.
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