On May 7, 2024, the Federal Trade Commission (FTC) published a Final Rule banning most post-employment non-competes. The Final Rule becomes effective on September 4, 2024. While the Final Rule faces statutory and constitutional challenges which may potentially delay and even halt the Effective date, employers should still take steps to become compliant under the Final Rule. Employers should inventory and assess all agreements, policies, and plans that may contain non-compete clauses governed by the Final Rule to determine which employees will need to receive the required notice under the Final Rule.
For further information on the Final Rule, refer to our April 24 blog post or reach out to your BrownWinick attorney.
