FAQs on Federal Trade Commission's Rule Banning Worker Noncompete Clauses

Summary

On April 23, the Federal Trade Commission (FTC), by a 3-2 vote, approved a Final Rule banning almost all worker noncompetes. The Final Rule will go into effect 120 days following its publication in the Federal Register. In this article, we answer several frequently asked questions related to the Final Rule's applicability and anticipated impact, as well as what businesses can do to prepare.