On Tuesday, April 23, during a special Open Commission Meeting, the Federal Trade Commission (FTC) voted 3-2 to issue a final rule adopting what it referred to as a “comprehensive ban on new non-competes with all workers.” [1] The rule leaves intact non-competes entered into with “senior executives” before the rule’s
FTC issues final rule to ban non-compete clauses with US workers
Millions of contracts, trillions of dollars affected as existing non-competes for vast majority of workers will no longer be enforceable.