Last week, the Federal Trade Commission (“FTC”) issued a proposed rule that would broadly ban the use of noncompete agreements between employers and their workers. In addition to the proposed rule, the FTC is cracking down on companies that are abusing noncompetes, including filing complaints against companies requiring low-wage workers to sign noncompetes.
The FTC’s proposed ban has not taken effect. However, given the FTC’s recent crackdown on noncompete abuse, and regardless of whether the FTC’s proposed ban takes effect, now is the time for employers to reevaluate their noncompete agreements to ensure they are using them appropriately.
What does this mean for your business? READ MORE