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Search Results : Noncompete
Breaking News: FTC Approves Nationwide Ban on Noncompete Clauses – What It Means for Your Business
April 23, 2024
Leonard K. Samuels and Ruth Vafek
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Labor and Employment , Noncompete
Earlier today, and in a significant move with far-reaching implications for the U.S. labor market, the Federal Trade Commission (FTC) has taken a decisive step by voting to ban non-compete agreements. This decision marks a pivotal moment in the ongoing debate surrounding the use and enforcement of such agreements. The FTC's action reflects growing concerns about the potential negative impact of non-compete agreements on workers' mobility and overall competition within the job market. As businesses digest the implications of this ruling, it signals a shift in the regulatory landscape that could have profound consequences for employers and employees alike.
Client Alert: Federal Trade Commission Proposes New Rule for Nationwide Ban on Noncompete Clauses in Labor Contracts
January 9, 2023
Leonard K. Samuels and Nikki Branch
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Labor and Employment , Noncompete
On January 5, 2023, the Federal Trade Commission (commonly known as the “FTC”) issued a Notice of Proposed Rulemaking to ban the use of noncompete clauses by employers nationwide. True to their name, noncompete clauses block workers from working for competitors, or starting a new competing business, after employment ends for a set period.