Restrictive covenants have traversed a tumultuous road since the Federal Trade Commission (FTC) issued a Notice of Proposed Rulemaking (NPRM) on January 5, 2023, purporting to ban noncompetition agreements throughout the...more
4/24/2024
/ Biden Administration ,
Employment Contract ,
Executive Orders ,
Federal Bans ,
Federal Trade Commission (FTC) ,
Final Rules ,
NLRB General Counsel ,
Non-Compete Agreements ,
Notice of Proposed Rulemaking (NOPR) ,
NRLA ,
Restrictive Covenants ,
Unfair Competition
On January 5, 2023, the Federal Trade Commission (FTC) proposed a New Rule to ban noncompete clauses, which “hurt workers and harm competition.” The FTC’s proposed new rule builds upon President Biden’s Executive Order on...more
On July 9, 2021, President Biden signed the Executive Order on Promoting Competition in the American Economy. In his order, President Biden states that companies can stifle competition with non-compete clauses - claiming...more