Ryan A. Glasgow, left, and Jason P. Brown, right, of Hunton Andrews Kurth. Courtesy photo FTC Issues Final Rule Banning Most Noncompetes, but Immediate Legal Challenges Ensue
Employers do not need to not rush to immediately implement changes. Instead, they should allow time for the above litigation to play out over the next few months to see, among other things, if the courts invalidate the final rule or stay it pending the outcome of the litigation and inevitable appeals.
May 10, 2024 at 10:38 AM
6 minute read
Employment Law
The Federal Trade Commission (FTC) voted last month to approve a final rule banning most noncompete agreements between employers and their workers. The final rule is scheduled to go into effect on Sept. 4, 2024, though legal challenges may delay its effective date and FTC enforcement actions.
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