FTC’s Rule Banning Noncompete Agreements: What It Means for Businesses and Workers
Introduction to the FTC’s Final Rule on Noncompete Agreements The Federal Trade Commission (FTC) has recently announced a groundbreaking rule that bans noncompete agreements, marking a significant shift in employment practices across the United States. Historically, noncompete agreements have been used by employers to restrict former employees from joining competing firms or starting their own…