Is Your Business Ready for the FTC's New Non-Compete Rule?

On April 23, 2024, the Federal Trade Commission (FTC) issued a groundbreaking rule that largely bans non-compete agreements for workers across the United States, with limited exceptions. 

This rule, effective September 4, 2024, requires employers to notify both current and former employees that these agreements will no longer be enforceable. 

The rule impacts businesses nationwide, with strict requirements for notifying employees before the effective date.

With the potential legal challenges ahead, it’s essential to prepare for the rule’s implementation. Failing to comply could expose your business to significant legal and financial risks.