FTC Implements Rule Banning a Majority of Non-Compete Agreements What You Need to Know
On April 23, 2024, the Federal Trade Commission issued a final rule banning a majority of non-competes to “promote competition, protecting the fundamental freedom of workers[1] to change jobs, increasing innovation, and fostering new business formation” (the “Rule”). (https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes.) Under the Rule, existing non-competes[2] for the vast majority of the workforce will no longer be Read more about FTC Implements Rule Banning a Majority of Non-Compete Agreements What You Need to Know[…]