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FTC votes to bar nearly all noncompete agreements

Image of a person signing a document on a tablet.
Photo: Sean Gallup/Getty Images

Agreements labelled a threat to economic liberty and a thriving economy banned after 3-2 vote.

The Federal Trade Commission (FTC) has narrowly voted to ban nearly all the employment agreements employees sign which typically prevent them from joining competing businesses or launching ones of their own, sometimes at their time of hire and other times as part of their severance with the business.

The FTC

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