Category: Employment Law
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The FTC’s New Rule on Banning Noncompete Clauses
The Federal Trade Commission (FTC) has recently finalized a rule that significantly impacts noncompete clauses in employment contracts, aiming to boost competition and innovation while enhancing worker mobility. Noncompete clauses traditionally prevent employees from joining competitors or starting similar businesses shortly after leaving a company. The new rule, however, prohibits these clauses except for a…