FTC’s Ban on Non-Compete Provisions: Legal Challenges and Implications for Employers
The Federal Trade Commission (FTC) sent shockwaves through the business community with its recent adoption of a new regulation: a sweeping ban on non-compete provisions in employment contracts. The Noncompete Rule, finally adopted on April 23rd, 2024, marks a significant departure from conventional employment practices, promising, according to the FTC, to empower workers while reshaping […]
Federal Agency’s Noncompete Ban Faces Legal Challenges
On April 23rd, 2024, the Federal Trade Commission’s (FTC) announced a ban on almost all non-compete provisions, which has sparked immediate legal pushback. The ban, scheduled for implementation on September 4th, 2024, would render most non-compete agreements void and prohibit their future enforcement. However, the FTC faces opposition in federal courts, with at least three […]