FTC Announces Proposed Rule Banning Non-Compete Agreements.
January 6, 2023 | by Lott & Fischer | Client Alerts
On Thursday morning, the FTC announced a proposed rule which bans new non-compete agreements with employees and independent contractors and prohibits enforcement of existing non-compete agreements (in both cases, the only exception is in conjunction with the sale of a business by one who owns at least 25%). https://www.ftc.gov/news-events/news/press-releases/2023/01/ftc-proposes-rule-ban-noncompete-clauses-which-hurt-workers-harm-competition. Should […]