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Apr 23, 2024 · Today, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
On April 23, 2024, the FTC voted to finalize a new rule to prohibit employers from enforcing noncompetes against workers. The Commission determined that noncompetes are an unfair method of competition and therefore violate Section 5 of the Federal Trade Commission Act (“FTC Act”).
Trade Commission (“Commission”) is issuing the Non-Compete Clause Rule (“the final rule”). The final rule provides that it is an unfair method of competition for persons to,
Apr 23, 2024 · The following outline provides a high-level overview of the FTC’s proposed final rule: 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 ...
Fact Sheet on FTC’s Proposed Final Noncompete Rule. April 23, 2024. The following outline provides a high-level overview of the FTC’s proposed final rule: The final rule bans new noncompetes with all workers, including senior executives after the effective date.
On April 23, 2024, the U.S. Federal Trade Commission ("FTC") voted 3-2 to approve a rule that, with limited exceptions, prohibits employers from entering into or imposing existing non-compete clauses with employees ("Final Rule").1 Under the Final Rule, prohibited non-competes are considered an unfair method of competition under Section 5 of ...
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Apr 24, 2024 · On April 23, 2024, the FTC voted 3-2 to adopt a sweeping final rule banning the use of non- compete agreements nationwide, impacting 30 million workers by the FTC’s own estimates.
