Update: FTC Action Against Employer Use of Noncompete Clauses
Last year, the Federal Trade Commission (FTC) announced its Non-Compete Clause Rulemaking, Matter No. P201200 (NPRM). On April 23, 2024, the FTC approved the final rule. The final rule was published in the Federal Register on May 7, 2024 and has an effective date of September 4, 2024. The rule prohibits the use of essentially ...