On Jan. 5, 2023, the Federal Trade Commission (FTC) took a significant step towards banning noncompete agreements between companies and workers. The FTC proposed a broad rule that would effectively ban all noncompete clauses entered into in the employment context. It would also require companies to rescind existing noncompete agreements. The scope of the rule could also implicate other restrictive covenants, like nondisclosure and nonsolicitation agreements.
Federal Trade Commission Seeks Industry Comment On Proposed Noncompete Ban
