On April 23, 2024, the Federal Trade Commission finalized a rule banning most non-competes in employment agreements. This is a significant development with wide-reaching implications, and a challenge for most employers, potentially making it harder to protect investments in employees. Before making too many adjustments, however, it is important to note that the rule’s implementation has predictably encountered substantial resistance, and the future of non-compete agreements remains uncertain. Our blog “No More Non-Competes???” provides an overview of the new rule, explores its enforcement prospects, and offers our recommendations for navigating the evolving legal landscape of non-compete agreements. We also discuss ways for employers to continue to protect their investments in the future through alternative ways to still safeguard their interests regardless of the outcome of new rule.
