TBA Law Blog


Posted by: Julia Wilburn on Apr 23, 2024

The Federal Trade Commission (FTC) has voted 3-2 to ban most noncompete agreements, which currently prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job. The Hill reports that the rule would ban new noncompete agreements for all workers, and require companies to let current and past employees know that they will not enforce them. Companies also will have to throw out existing noncompete agreements for most employees, although in a change from the original proposal, agreements may remain in effect for senior executives.