Tag Archives: ftc

FTC Proposes Rule Eliminating Non-Compete Agreements Nationwide

Key Takeaways:

  • The proposed rule bans non-compete agreements nationwide for virtually all workers.
  • Employers would be required to rescind all current non-compete agreements they have with workers.

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On January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule banning non-compete agreements. The 218-page notice of proposed rulemaking details the FTC’s position on the value (or lack thereof) of non-competes,… More