Federal Trade Commission Votes to Ban Employer Use of Noncompete Agreements
On Tuesday, April 23, 2024, the U.S. Federal Trade Commission (“FTC”) voted 3-2, along party lines, to approve a final rule essentially banning virtually all new noncompete agreements and clauses in employment contracts—a potential change that would impact millions of U.S. workers. If implemented, the final rule would also invalidate all existing noncompete agreements, except […]
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