FTC Implements Final Regulation Prohibiting Employers from Enforcing Non-Compete Agreements
The Federal Trade Commission (FTC) implemented a final rule on April 23, 2024, effectively banning the use of nearly all non-compete provisions. Key Insights: The FTC voted 3-2 in favor of approving the final regulations, commonly known as the Non-Compete Clause Rule. This approval occurred fifteen months after the FTC issued its proposed rule in…