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Federal Trade Commission (FTC) Bans Noncompete Clauses - HR ALERTS

Federal Trade Commission (FTC) Bans Noncompete Clauses 2024

HR Alerts : Vida HR Knowledge Center [Seated woman offers handshake to standing man beside a floating contract and coins]
Effective*: September 4th, 2024

The Federal Trade Commission (FTC) announced a final rule that would ban almost all noncompete clauses. This nationwide ban would not only ban new noncompete clauses, but also void existing noncompete clauses, with the exception of those for senior executives. Employers would also be required to provide written notice to all affected workers.

This ruling is supposed to go into effect on September 4th, 2024.*

*While employers should prepare for this to go into effect, there will likely be many legal challenges to this rule before said effective date, which could potentially alter the effective date or details of the final ruling. Employers should keep up on any news regarding this ruling, especially as the effective date draws nearer.


For more information about this final ruling, the FTC has published a webpage about the noncompete rule here.

Get day-to-day updates on Federal Trade Commission (FTC) Bans Noncompete Clauses visit the Vida HR Knowledge Center (Vida HR Clients Exclusive).

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