Will the FTC’s Proposed Rule Spell the Demise of Non-Compete Agreements?
FTC’s Notice of Proposed Rulemaking on Non-Compete Clauses: On January 5, 2023, the FTC issued a far-reaching notice of proposed rulemaking that would prohibit the use of non-compete clauses and preempt all state laws providing lesser protection than the proposed rule.President Biden’s executive order directed the FTC to consider curbing the unfair use of non-compete…