The New FTC Noncompete Ban: A Guide for Employees

On May 24, 2024   /   Employment Law, Federal Trade Commission, Non-Compete Agreement, Non-Compete Agreement  
The New FTC Noncompete Ban: A Guide for Employees

In a recent landmark vote, the Federal Trade Commission (FTC) banned nearly all existing and future noncompete agreements. The FTC has long argued that binding noncompete agreements are an unfair method of competition under Section 5 of the FTC Act.  For employees, understanding the details of this new regulation and knowing the necessary steps to take is crucial, as the new rule will significantly reshape the employment landscape. Who Will Be Affected? The FTC’s ban

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FTC Votes ‘YES’ on Nationwide Noncompete Ban

On May 6, 2024   /   Employment Law, Federal Trade Commission, Non-Compete Agreement, Non-Compete Agreement   /   Leave a comment

The Federal Trade Commission (FTC) recently voted to ban almost all existing and future noncompete agreements. The Final Rule states that noncompetes are considered an unfair method of competition that violates Section 5 of the FTC Act.  The ban will not apply to noncompetes held by senior executives. The Final Rule defines a senior executive as someone earning more than $151,164 annually and holds a policy making position. The ban will also not apply to

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