Non-complete Agreements
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Non-compete Agreements to be Banned, Limited Exceptions
In late April, the Federal Trade Commission (“FTC”) issued a controversial new rule that bans all non-compete clauses for every worker nationwide across all industries – with very limited exceptions. The rule, if not stopped by a lawsuit, will take effect on or about September 1, 2024. After the effective date, employers also have...
FTC Proposes Rule to Ban Non-compete Clauses: What Happens next?
In January, the Federal Trade Commission (FTC) proposed a new rule that would ban employers from imposing noncompetes on their workers, a widespread and often exploitative practice that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses. By stopping this practice, the agency estimates that the new proposed r...
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