FTC (Federal Trade Commission) Bans Non-Compete Agreements
FTC Bans Non-Compete Agreements The Federal Trade Commission (“FTC”) recently issued a new rule banning most non-competition agreements. The FTC found that non-competition agreements “keep wages low, suppress new ideas, rob the American economy of dynamism,” and prevent more than 8,500 new startups each year. The Final Rule defines a “noncompete” as a contractual provision […]