U.S. Chamber says it will sue to overturn the rule. The Federal Trade Commission yesterday issued a final rule to promote competition by banning noncompete agreements nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation. As CollisionWeek reported in January, the FTC in a Notice of Proposed […]
FTC Proposes Rule to Ban Employee Noncompete Clauses
The Federal Trade Commission proposed a new rule that would ban employers from imposing noncompetes on their workers, a practice that the Commission states is widespread and often exploitative that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses. By stopping this practice, the agency estimates that the new proposed rule could increase […]