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Good Riddance to Non-Compete Agreements!
General Debra Wheatman General Debra Wheatman

Good Riddance to Non-Compete Agreements!

On Tuesday, April 23, the Federal Trade Commission (FTC) ruled effectively banning non-competes for most employees. This will prevent for-profit employers from issuing new non-competes to anyone, making existing agreements unenforceable after the rule’s effective date. However, companies will still be able to issue and enforce non-competes for executives, defined as employees “in policy-making positions” who make at least $151,164 annually. It also orders employers to notify nonexecutive employees bound by an existing non-compete that it will no longer be enforceable. However, employment lawyers expect there to be legal pushback from employers and business groups that may delay enforcement of the rule while it is challenged in court and possibly prevent it from ever going into effect….

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