Important Takeaways from the Final Rule Banning Non-Competes
By EsqSocial Corporation 26/04/24
In an anticipated yet groundbreaking turn of events, on April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to issue a Final Non-Compete Clause Rule (the “Final Rule”) which bans U.S. employers from using non-compete agreements for almost all workers. The Final Rule provides that non-compete agreements constitutes an “unfair method of competition,” and therefore it is a violation of the FTC Act for employers to enter into these types of agreements with workers....
By: Franczek P.C.