FTC Issues Rule Banning Worker Noncompete Agreements
By EsqSocial Corporation 25/04/24
On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 along party lines to ban all new noncompete agreements nationwide and render existing noncompete agreements binding most workers unenforceable. The Final Rule, slated for publication in the Federal Register, provides that employers’ use of noncompete agreements amounts to an “unfair method of competition” that runs afoul of Section 5 of the FTC Act. As discussed below, the Final Rule does not render existing noncompete agreements...
By: McDermott Will & Emery