The FTC finalized a rule banning most non-compete agreements, set to take effect after 120 days.
The FTC has issued a final rule banning most non-compete agreements, set to take effect 120 days after publication in the Federal Register. The rule prohibits employers from entering into non-compete clauses with workers at all levels, including senior executives. Existing non-compete clauses will become unenforceable for most workers except senior executives after the effective date. This rule aims to prevent the restriction of worker mobility and protect the interests of employees and businesses.
May 06, 2024
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