FTC to ban most noncompete agreements
AVMA News
APRIL 26, 2024
The Federal Trade Commission (FTC) issued a final rule on April 23 banning noncompete clauses nationwide. The commission voted to approve the final rule 3-2, after determining that it violates Section 5 of the FTC Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce.” The final rule is set to become effective 120 days after publication in the Federal Register.
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