
FTC Proposes New Rule to Ban Non-Compete Agreements
On January 5, 2023, the United States Federal Trade Commission (the FTC) issued a proposed new Rule to ban noncompete clauses across the country. The new Rule, according to the FTC, would make it illegal for an employer to enter, or attempt to enter, a noncompete with a worker, maintain a noncompete, or represent a worker that is bound by a noncompete provision. The proposed new Rule would apply across the board to employees and contractors, including those who work with or without pay. It would also require employers to rescind any existing noncompete provision and take steps to inform workers that the noncompete is no longer valid. Continue reading to find more information on this topic.