What Just Happened:
The Federal Trade Commission (FTC) has voted to enact a far-reaching ban on non-compete agreements. This decision, resulting from a 3-2 vote, will take effect 120 days following its publication in the Federal Register. The rule aims to prohibit all new non-compete agreements and will render most existing ones unenforceable, except under certain conditions for senior executives. Go Deeper:
For More: FTC: Non-Compete Ban Final Rule FTC: Final Rule Press Release Association/RLC: Comments in Opposition to Proposed Rule
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April 2024
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