The FTC's Noncompete Ban: A Shift in the Landscape

BLOG.png

By: The NBI Team

Tuesday, May 7, 2024

The FTC's Noncompete Ban: A Shift in the Landscape

The Federal Trade Commission's (FTC) recent announcement banning noncompete clauses for most workers represents a significant development in employment law. Here’s longtime NBI speaker, Jeff Weintraub, with the latest information you need to know about this breaking legal development.

 

Background on the Ban

Noncompete clauses have been a contentious issue for decades, with employers arguing they protect trade secrets and confidential information, while employee advocates highlight their potential to stifle wage growth and career mobility. The FTC's decision rests on the argument that noncompetes unfairly restrict competition and limit worker opportunities. The ruling prohibits employers from enforcing existing noncompete agreements or entering into new ones with most employees.

Uncertainties and Legal Challenges

The FTC's ruling is likely to face legal challenges. The full impact on the labor market and its effectiveness in achieving the FTC's goals remain to be seen.

This new landscape necessitates adjustments for both employers and employees. It's crucial for all parties to stay informed about legal developments and potential revisions to the ruling.

Please check back frequently to get the latest updates on this topic and others.


This blog post is for general informative purposes only and should not be construed as legal advice or a solicitation to provide legal services. You should consult with an attorney before you rely on this information. While we attempted to ensure accuracy, completeness and timeliness, we assume no responsibility for this post’s accuracy, completeness or timeliness.

Stay Up to Date

Get the latest on new content, products, special promotions, CLE news, and more!

This website uses cookies to ensure you get the best experience. We use this information in order to improve and customize your browsing experience, in addition to improving our internal analytics and metrics about our visitors. To find out more about the cookies we use, please see our Cookie Policy.