FTC Ban on Noncompete Agreements: What In-House Counsel Need to Know
By Elias Kahn | LexisNexis Practical Guidance
The Federal Trade Commission (FTC) finally delivered on a long-awaited order when it issued a final rule on April 23, 2024, that bans most noncompete agreements nationwide between employers and employees.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be...