In early January 2023, the Federal Trade Commission ("FTC") proposed an unprecedented rule banning most employer/employee non-compete clauses. As detailed below, the rule is not likely to take effect for at least eight months, and possibly longer (if ever), given the likelihood of challenges to the FTC's authority to issue the rule. More significant for the immediate future, the FTC also filed and settled cases against three companies and two individuals, alleging that employer/employee non-compete restrictions violated Section 5 of the FTC Act.
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