Federal Trade Commission Approves Final Rule Banning Most Noncompetes
By EsqSocial Corporation 25/04/24
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to issue a proposed final rule (“Final Rule”), which, absent a successful legal challenge, will ban most noncompete agreements in the United States. Despite more than 26,000 comments from the public, the Final Rule does not narrow the rule first proposed by the FTC in January 2023 (“Proposed Rule”), but in many ways, expands the scope of what is considered an impermissible noncompete......
By: Proskauer - Law and the Workplace