August 20, 2024 UPDATE: As we've reported, the Federal Trade Commission has banned enforcement of noncompete agreements in employer-employee contracts. However, the United States Chamber of Commerce and Ryan LLC (a tax advising group) sued the FTC, challenging its authority to ban noncompetes, as only Congress has such power. Click here for the full update.
Our PRIOR ARTICLE
Today, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
