Federal Trade Commission Final Rule Bans All Non-Competes
By EsqSocial Corporation 25/04/24
On April 23, the Federal Trade Commission voted to implement a sweeping new rule that bans all existing and new non-compete agreements for most workers. The Final Rule will take effect 120 days after it is published in the Federal Register. New non-compete agreements for “senior executives” (workers earning more than $151,164 annually and who are in policy-making positions) will also be banned beginning on the effective date of the rule, although existing agreements for senior executives can...
By: Robinson Bradshaw