Paul Lopez, left, and Jake Blumstein, right, with Tripp Scott. Courtesy photos Employers Need to Carefully Prepare Agreements in Wake of New FTC Final Rule
Employers who require the execution of nonsolicit and NDA agreements going forward should soberly assess their workforce and determine which employees should be required to enter into any sort of restrictive covenant.
May 06, 2024 at 10:38 AM
3 minute read
Board of Contributors
In an administrative decision that may have lasting impacts for business owners throughout the United States, the FTC issued its final noncompete clause rule on April 23. The final rule adopts a comprehensive ban on new noncompetes with all workers after the effective date—120 days after the date of publication in the federal register. According to the FTC, noncompete agreements inhibit fair competition and, therefore, violate Section 5 of the FTC Act.
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