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News about Federal Trade Commission, Non-Compete Clause Rule, non-compete agreements
News about Federal Trade Commission, FTC, Employment Law Update
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September 4, 2024
- On April 23, 2024, the Federal Trade Commission (FTC) voted 3 – 2 in favor of banning all post-employment noncompete agreements. The rule is scheduled to be published in the Federal Register on May 7, 2024, making the effective date of the rule September 4, 2024, barring any injunction or court ruling extending the date.
www.cooley.com › news › insightFTC Passes Sweeping Noncompete Ban // Cooley // Global Law Firm
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Apr 23, 2024 · Under the FTC’s new rule, existing noncompetes for the vast majority of workers will no longer be enforceable after the rule’s effective date. Existing noncompetes for senior executives - who represent less than 0.75% of workers - can remain in force under the FTC’s final rule, but employers are banned from entering into or attempting to ...
May 9, 2024 · Update: The FTC published the Final Non-Compete Clause Rule on May 7, 2024, with an effective date of September 4, 2024. We have updated this advisory, originally published April 23,...
Apr 23, 2024 · The final rule bans new noncompetes with all workers, including senior executives after the effective date. Specifically, the final rule provides that it is an unfair method of competition—and therefore a violation of Section 5 of the FTC Act—for employers to enter into noncompetes with workers after the effective date.
Apr 16, 2024 · The final rule is set to go into effect on September 4, 2024. Once the rule is effective, market participants can report information on a suspected violation of the rule to the Bureau of Competition by emailing noncompete@ftc.gov. . Resources. Business and Small Entity Compliance Guide.
Apr 30, 2024 · The FTC has just announced that the final Rule will be published in the Federal Register on May 7, 2024. This means—barring any changes from the ongoing legal challenges— that the Rule’s effective date will be Wednesday September 4, 2024 (120 days after publication).
Apr 24, 2024 · On April 23, 2024, the Federal Trade Commission (FTC), in a 3-2 vote, issued a final rule that bans noncompete clauses between workers and employers as “unfair method [s] of competition” under Section 5 of the FTC Act, subject to only a few exceptions.
Apr 24, 2024 · All post-employment noncompete agreements with workers will be prohibited beginning on the effective date of the ban. In its final rule, the FTC noted that it determined that noncompetes constitute an unfair method of competition, violating Section 5 of the Federal Trade Commission Act (FTC Act).
