Federal Trade Commission Votes to Ban Non-Compete Agreements
By EsqSocial Corporation 24/04/24
On April 23, 2024, the Federal Trade Commission (FTC) held a public hearing where members voted 3-2 to adopt a final rule effectively banning employers from enforcing non-compete clauses against employees with very limited exceptions. This rule, which is largely similar to the proposed rule first announced by the Commission in January of 2023, imposes a “comprehensive ban on new non-competes with all workers.” The new final rule will go into effect 120 days after the rule is published in the...
By: Dinsmore & Shohl LLP