The Federal Trade Commission (FTC) recently announced new proposed regulations that, if adopted, will ban the use of non-compete agreements for most workers nationwide. The proposed Non-Compete Clause Rule will prohibit all employers—regardless of size—from imposing on employees and independent contractors covenants not to compete with them. It does not include a carve-out that would permit the use of non-competes with executives or other highly compensated workers.
The rule is not yet in effect. If enacted, it will not prohibit the continued use of properly drafted non-disclosure and non-solicitation clauses under federal law.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
