What the FTC’s New Ban on Noncompete Agreements Might Mean for Your Business

In January 2023, the Federal Trade Commission (FTC) proposed a new rule that would effectively ban employers from using noncompete agreements. Due to overwhelming public feedback—both in support of and against the proposed rule—the FTC decided to wait until April 2024 to vote on the final version of the proposed rule. (For information on the […]

FTC’s Proposed Ban on Noncompete Agreements — Delayed Again, But Not Dead Yet

Introduction In January 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would effectively ban employers from using noncompete agreements. The FTC claimed that the rule “could increase wages by nearly $300 billion per year and expand career opportunities for about 30 million Americans.” Public feedback on the proposed rule was immediate and varied. Labor […]