On April 23rd, 2024, the Federal Trade Commission (FTC) announced its long-awaited rule intending to promote competition nationwide. KingSpry’s Employment Law Chair, Avery E. Smith, Esq., and attorney Shorav Kaushik discuss what this new rule means for employers and what developments can be expected in the coming months challenging this new regulation. Timeline In January of 2023, the … [Read more...] about FTC Issues Rule Banning Non-Compete Clauses in Employment Contracts
employment contracts
How Could the Proposed Noncompete Ban Impact You?
The Federal Trade Commission has proposed a rule that would ban the use of noncompete clauses. The Employment Law Practice Group at KingSpry is keeping abreast of these changes. What are noncompete agreements? More than 30 million workers—at least 18 percent of the U.S. workforce—are required to sign noncompetes as a condition to accepting a job. A noncompete agreement is a contractual clause that … [Read more...] about How Could the Proposed Noncompete Ban Impact You?
