FTC Issues Final Rule Prohibiting Non-Compete Clauses
On April 23, 2024, the Federal Trade Commission (the “FTC”) issued a final rule prohibiting employers from, among other things, entering into non-compete clauses with their workers. The Rule will go into effect on September 4, 2024, unless delayed through litigation.
Read the latest information on litigation related to the FTC rule here
The final rule presents a monumental shift in the legal framework under which employers have operated for years and raises questions regarding their obligations, rights, and options with respect to their workers, businesses, and intellectual property.
Because of the significance of the final rule, Conner & Winters has published a Question and Answer Guide to address some common questions and provide basic information about the change.
However, the final rule is new, nuanced, and complex, and determining its impact on your business requires a detailed inquiry into the specific facts of your company, contracts, and policies. Accordingly, we encourage you to contact Conner & Winters to address the impact of the Rule on your business.