On April 23, 2024, the Federal Trade Commission (FTC) issued its long-awaited final rule, banning virtually all noncompetition agreements between employers and workers.
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that bans non-compete agreements nationwide. The final rule will become effective 120 days.
If the Federal Trade Commission's proposal to ban most companies from using/enforcing non-competition agreements is finalized, this could have a significant effect relative to the tax treatment.
On April 23, 2024, the U.S. Federal Trade Commission promulgated a final Rule banning non-compete clauses in contracts with employees and other workers (the Rule).
Today the Federal Trade Commission voted 3-2 to approve a Final Rule that, absent a successful legal challenge, will ban most noncompete agreements in the United States beginning 120 days after publication in the Federal Register.