Alerts4.24.24
FTC Passes Final Rule Banning Worker Non-Compete Agreements
Highlights
The FTC has voted to prohibit non-compete agreements with workers
Employers must notify all workers that existing non-compete agreements are unenforceable
The final rule will take effect at the end of August 2024, unless stayed by a court
On April 23, 2024, the Federal Trade Commission (FTC) voted to ban non-compete agreements in the employment context. The new rule forbids employers from entering into new non-compete agreements with any workers, including contractors, and requires all employers to inform any current and past workers that their non-compete agreements are unenforceable.
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