July 22, 2024 8:21 pm

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FTC new rule bans noncompetes nationwide, US Chamber files lawsuit

FTC noncompetes

WASHINGTON, D.C.—The Federal Trade Commission (FTC), the federal agency responsible for policing and preventing unfair competitive practices in commerce, announced a new rule, on April 23, banning the use and enforcement of noncompetes nationwide. The FTC Commissioners determined that noncompetes are an unfair method of competition, and therefore violated Section 5 of the FTC Act. […]

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