FTC Announces Rule Banning Noncompetes

ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

Today, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new…

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