Seth Welner, left, and Cory Hartstein, right, of Holland & Knight. Courtesy photos Florida Businesses: Navigating the FTC's Noncompete Rule
If the new rule goes into effect, it will significantly impact Florida businesses. Even if it does not go into effect, it has impacted the perception of noncompete agreements for many, which may make enforcement more challenging in some cases.
April 29, 2024 at 02:24 PM
6 minute read
Board of Contributors
On April 23, the U.S. Federal Trade Commission (FTC) voted 3-2 to issue a rule banning most post-employment noncompete clauses in employment contracts. The rule will be effective 120 days after publication in the Federal Register in the coming days, unless enjoined pursuant to a legal challenge (at least two have already been filed). If the new rule goes into effect, it will significantly impact Florida businesses. Even if it does not go into effect, it has impacted the perception of noncompete agreements for many, which may make enforcement more challenging in some cases.
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