FTC Issues Final Rule Banning Most Non-Compete Agreements: Takeaways and Next Steps for Employers
By EsqSocial Corporation 26/04/24
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to promulgate a Final Rule that prohibits the use of almost all non-compete clauses in employment contracts. Absent an effective legal challenge delaying or barring enforcement, the Rule will go into effect 120 days following its publication in the Federal Register (or approximately August 2024). Employers will be required to comply with the Rule by that date....
By: Neal, Gerber & Eisenberg LLP