Michael J. Gore of Jones Foster. Courtesy photo FTC Ruling Bans Noncompete Agreements ... For Now
Whether the final rule survives legal challenges or not, employers should still identify their confidential and trade secret information and ensure the company reasonably protects this information. Employers should also take steps to ensure departing employees have not retained such information for the benefit of the new employer.
May 06, 2024 at 09:45 AM
6 minute read
Board of Contributors
On April 23, the Federal Trade Commission (FTC) issued the noncompete clause rule (final rule) that seeks to ban noncompete agreements with nearly all "workers." The final rule becomes effective 120 days after publication in the Federal Register (effective date).
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