Neil Schur, left, and Bennett Pine, right, of Anderson Kill. Courtesy photosThe FTC’s Noncompete Rule Is Likely Dead
Republicans will soon hold a majority of the five-member FTC and will likely withdraw the pending appeals discussed below, effectively killing the rule, a version of which the FTC first unveiled for public comment in January 2023 and which it finalized in April 2024.
January 10, 2025 at 12:11 PM
6 minute read
The FTC’s rule banning most covenants not to compete (widely known as noncompetes) nationwide is likely dead.
Noncompetes are agreements between employees and employers in which the employee promises not to “compete” with the employer—e.g., take a job with a competitor or start a competing business—for a specific period of time or within a particular geographic area should the employment relationship terminate.
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