Client Alert: Federal Trade Commission Bans Use of Non-Compete Agreements
By Kana Caplan and Jack Cartwright On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to ban employers from using noncompete agreements with employees. The rule, first proposed in January 2023, prohibits businesses from entering into new noncompete agreements with any employees. Businesses, however, will be able to enforce existing non-compete agreements against […]