Final FTC Rule on Non-Competing Not Expected Before April 2024
According to Bloomberg, The Federal Trade Commission (“FTC”) is not expected to vote on the final version of a new rule that would ban non-compete clauses in employment contracts until April 2024. The rule defines a “non-compete clause” as “ a contractual term between an employer and a worker that prevents the worker from seeking or accepting employment with a person, or operating a business, after the conclusion of the worker’s employment with the employer.”
As we previously reported, the proposed rule would ban employers from imposing noncompete agreements on their employees. The rule would also require employers to accept …



