Non-Compete Agreements May be Banned by the FTC
On January 5, 2023, the The Federal Trade Commission (FTC) announced a proposed new rule that would ban employers from imposing non-compete agreements or clauses on their workers (also termed as “noncompete”). These have become increasingly common in the U.S. labor market. The FTC considers that they limit the mobility of workers and their ability to pursue better opportunities. If approved, the Rule will radically change important provisions typically included in employment contracts given to…