The FTC instituted a rule banning most non-compete agreements, aiming to protect workers' rights and promote competition. This rule was supposed to take effect in September 2024, but it is currently facing legal challenges and is not being enforced due to a federal court decision in Texas. The future of the FTC's non-compete rule remains uncertain.
References:
Wikipedia contributors. (2024, May 1). Non-compete clause. Wikipedia. https://en.wikipedia.org/wiki/Non-compete_clause
Noncompete rule. (2024, May 7). Federal Trade Commission. https://www.ftc.gov/legal-library/browse/rules/noncompete-rule
Polk, D. (2024, April 25). The FTC non-compete rule. Davis Polk. https://www.davispolk.com/insights/client-update/ftc-non-compete-rule#:~:text=By%20its%20terms%2C%20the%20final%20rule%20will%20not%20come%20into,delayed%20further%20due%20to%20litigation.
Noncompete Agreements: Use is Widespread to Protect Business’ Stated Interests, Restricts Job Mobility, and May Affect Wages. (2023, May 16). U.S. GAO. https://www.gao.gov/products/gao-23-103785
White & Case Global Non-Compete Resource Center (NCRC). (2024, August 20). White & Case LLP International Law Firm, Global Law Practice. https://www.whitecase.com/insight-tool/white-case-global-non-compete-resource-center-ncrc#status-of-legal-challenges
After Chevron: What the Supreme Court’s loper bright decision changed, and what it didn’t | Cleary Gottlieb. (2024, July 11). https://www.clearygottlieb.com/news-and-insights/publication-listing/after-chevron-what-the-supreme-courts-loper-bright-decision-changed-and-what-it-didnt#:~:text=Overturning%20the%20longstanding%20doctrine%20known,however%2C%20should%20not%20be%20overstated.
Brief history. (Referenced 2024, September 13). https://www.ca5.uscourts.gov/about-the-court/circuit-history/brief-history
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