Non-Compete Ban Update
As you may recall from our prior alert in April entitled Federal Trade Commission Attempts to Ban Non-Compete Agreement, the Federal Trade Commission (“FTC”) previously issued a rule, set to go into effect on September 4, 2024, effectively banning non-compete (with some limited exceptions related to senior executives earning in excess of $150,000 and agreements […]
Federal Trade Commission Attempts to Ban Non-Compete Agreements
On April 23, 2024, the Federal Trade Commission issued a rule attempting to ban non-compete agreements, nationwide. The rule is set to go into effect in 120 days, however, multiple entities, including the U.S. Chamber of Commerce, have vowed to immediately file suit to block the rule from going into effect. Long story short, it could be […]
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