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1 min read

FTC Votes to Ban Almost All Noncompete Agreements

By NAIFA on 5/15/24 1:42 PM

On April 23, by a 3 to 2 partisan vote, the Federal Trade Commission (FTC) banned virtually all noncompete agreements. There are some limited exceptions involving key executives, but in general, the new rule would not only ban future noncompete agreements, but also require notice to workers who are party to existing noncompete agreements that those agreements will not be enforceable.

Topics: Federal Trade Commission