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THE FTC, Noncompete Ban, and the Recent Ruling
On April 23, 2024, the Federal Trade Commission issued a final rule to “ promote competition by banning noncompete agreements nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” Noncompetes are agreements that prohibit workers from leaving their employers to join a competitor or start a rival business for a specific period of time.
However, the ban has been met with opposition. On August 14th, a federal judge in Florida ruled against the FTC’s proposed ban on most noncompete agreements. Back in July, a judge…
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