FTC Ban on Non-Competes Struck Down Nationwide
On April 23, 2024, the Federal Trade Commission (“FTC”) proposed a rule banning non-compete agreements between employers and employees. The rule applied to employees, independent contractors, interns, and more, but permitted existing non-compete agreements with senior executives, subject to certain conditions. The rule also required employers to provide notice to workers who had previously signed a non-compete agreement that the clause was no longer enforceable. This new rule was set to be effective beginning September 4, 2024. Now, a federal court has struck down this rule.