The Federal Trade Commission (FTC) Bans Noncompete Agreements
Washington, DC (StLouisRestaurantReview) The Federal Trade Commission (FTC) bans noncompete agreements. CLICK to view the FTC’s Noncompete Rules. The FTC says that as many as 30 million workers are affected by noncompete agreements. This ban will allow these workers to choose who they want to work for.
On April 23, 2024, the Federal Trade Commission (FTC) issued a new Rule that, with limited exceptions, bans noncompete clauses for workers nationwide across all industries. The Rule also requires employers to notify workers, including former employees, that the noncompete provisions are no longer in effect.
This is excellent news for many employees but may damage many employers.
CLICK to download a PDF for a document that explains the ban that the FTC published.
PLEASE NOTE: We are not at or are we offering legal advice. If you have questions that can’t be answered by the information we have provided by the Federal Trade Commission, we recommend that you contact an attorney who specializes in this type of law. We have provided this information because it will affect workers in the restaurant industry as well as many other sectors.
