The FTC Noncompete Rule: Where Do We Go From Here?
On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to finalize a rule abolishing the vast majority of employee noncompetes across the United States. The vote is an unprecedented step for the FTC, and there is significant uncertainty about whether the FTC has the authority to do this in the first place. In fact, the U.S. Chamber of Commerce, among other groups, has already filed a lawsuit challenging the Noncompete Rule, seeking injunctive relief to delay the effective date as well as a ruling to vacate the Noncompete Rule in its entirety. While the process plays out in court, the rule would purport to have a broad impact on a wide array of businesses and industries, including health care, technology, and manufacturing.
To learn more about how the FTC’s noncompete rule may affect you and your business — as well as the legal challenges that have already been brought in response — please view the webinar recording below. A link to the PDF of the final presentation can be found here.
Resources
- FTC Finalizes Rule Against Employee Noncompetes
- Noncompetes: What the FTC’s Rule May Mean for Health Care & Life Sciences Providers
- A Snapshot Of The Evolving Restrictive Covenant Landscape
- States with Pending Legislation to Ban Employee Noncompetes: Maine Poised to be Next State to Enact a Ban
- New Legislation Extends California Noncompete Ban to Agreements Signed Outside the Golden State and May Impose Notice Obligations that Apply Retroactively
- FTC Proposes Sweeping Federal Ban on Employee Noncompetes
Speakers
Carrie Hoffman
Partner – Foley & Lardner
