Dalimonte Discusses Implications of FTC's Noncompete Ban
After the U.S. Federal Trade Commission (FTC) voted 3-2 on April 23, 2024, to publish its final rule in effectively banning most noncompete agreements between U.S. workers and employers, many questions abound as to what the details of this ban entail.
Not only are most noncompete agreements signed after the effective date, which will be 120 days after the rule is published, be illegal and violate federal law but any noncompete signed before the effective date will also be unenforceable; aside from a few exceptions.
To clarify these recent changes, Foster Swift employment law attorney Tony Dalimonte appeared on the Michigan Business Network's podcast, the Michigan Business Beat, to discuss among other issues:
- What is this ban and what led to the FTC's vote to approve it?
- Are there any exceptions to the ban?
- Will this ruling be challenged?
- How likely will this be the final standing on the issue?
Categories: Did you Know?, Employee Handbook, Employment, Labor Relations, News
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