FTC Votes to Ban Employee Noncompete Clauses

Wednesday, April 24, 2024

On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to ban noncompete clauses—language in employment contracts that prevents departed employees from working for competitors after a set period of time.  The ruling not only bans new noncompete clauses from being signed, but would void existing ones—however, there is an exception to noncompete clauses…

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