08/09/2024
Companies using Non-Compete agreements should take note:
If the ruling proceeds, the ban will take effect on September 4, 2024. It is crucial to seek legal counsel to review existing agreements containing non-compete language and strategize handling this mandatory change for affected groups. This may involve updating employment agreements. Notably, the ban excludes senior executive agreements. Stay informed and prepared for these upcoming developments.
https://www.ftc.gov/legal-library/browse/rules/noncompete-rule
https://www.orrick.com/en/Insights/2024/04/Life-After-the-FTC-NonCompete-Ban-What-Companies-Should-Know
The U.S. FTC has found non-compete agreements between employers and workers constitute an “unfair method of competition” that is prohibited under the ...