FTC votes 3-2 to issue final rule banning noncompetes
The Federal Trade Commission (FTC) voted 3-2 Tuesday to issue a final rule striking new noncompete agreements for all workers and phasing out existing noncompetes for all but senior executives acro | The final rule, which does not apply to nonprofits, forbids noncompete contracts for all new hires and winds down existing noncompetes for all employees who are not senior executives. Dissenting commissioners and an employment lawyer said they expect it to be challenged in court.