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Federal Trade Commission Approves New Non-Compete Clause Rule

Federal Trade Commission Approves New Non-Compete Clause Rule

On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to approve the Non-Compete Clause Rule in its final form. The rule, first proposed in January 2023, was passed pursuant to President Biden’s 2021 “Executive Order on Promoting Competition in the American Economy,” effectively prohibits the use of almost all non-compete clauses across the country. The rule will supersede any state rules or regulations to the contrary. According to … [Read more...] about Federal Trade Commission Approves New Non-Compete Clause Rule

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