WebThe FTC’s proposed rule. On January 5, 2024, the Federal Trade Commission (FTC or Commission) voted 3-1 along party lines to publish a proposed rule that, if finalized, would impose a near-complete ban on employers offering, entering, and maintaining non-compete agreements with their workers, by defining such arrangements as per se methods of … WebApr 12, 2024 · First, the FTC’s proposed rule would effectively ban worker non-compete provisions by deeming them an “unfair method of competition” under Section 5 of the …

Navigating The New Non-Compete Landscape Under the Proposed FTC Rule

WebJan 4, 2024 · As part of that overarching goal, the Biden Administration tasked the Federal Trade Commission (“FTC”) with curtailing the use of non-compete clauses “and other … WebJan 23, 2024 · FTC enforcement actions highlight the agency’s concerns regarding noncompetes. The day before publishing the proposed noncompete rule, the FTC announced it had entered into consent agreements with companies and executives that had noncompetes with employees alleged to be an “unfair method of competition” in … law office of david sternfeld

A Tech Perspective On The FTC’s Proposed Rule On Non …

WebJan 10, 2024 · Tuesday, January 10, 2024. The Federal Trade Commission (FTC) proposed a new rule that, if made final, would (at least on its face) effectively prohibit non-compete agreements other than in very ... WebBased on concerns about these harms to workers and to competition, the FTC has proposed a rule concerning noncompetes. • The rule would provide that noncompete clauses are an unfair method of competition. As a result, the rule would ban employers from entering noncompete clauses with their workers, including independent contractors. WebMar 7, 2024 · The Proposed Rule is a follow-up to the FTC’s recent Policy Statement last year that they have the authority to crack down on “ unfair competition ” methods under their governing law. If the rule’s approved, companies would have just six months to kill existing non-competes and tell current and former employees those deals are dunzo. law office of david sperling riverhead