Daniel E. Rose, shareholder with Volpe Koenig. Courtesy photo Don't Let Your Trade Secrets Walk Out the Door With Your Employees: Patent Them!
The FTC's new rule makes it an unfair method of competition to enter into new noncompete clauses or enforce existing noncompete clauses after Sept. 4, 2024 (120 days after publication of the rule in the Federal Register), with very limited exceptions.
June 14, 2024 at 01:05 PM
11 minute read
Intellectual Property
On May 7, the Federal Trade Commission (FTC) published a final rule banning the enforcement of nearly all noncompete clauses in employment agreements nationwide (89 FR 38342). This new rule will have sweeping effects across all sectors of the economy, if it survives court challenges that have already been filed (see, e.g., Chamber of Commerce of the United States of America v. FTC, 6:24-cv-00148 (E.D. Tex., April 24, 2024).
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