On April 23, 2024, the Federal Trade Commission (“FTC”) adopted a Non-Compete Clause Rule (the “Rule”) that bans non-compete clauses between workers and employers as unfair methods of competition under Section 5 of the FTC Act, subject to limited exceptions. The Rule is presently scheduled to go into effect on September 4, 2024, which is 120 days from the date of its publication in the Federal Register (the “Effective Date”). However, the Effective Date may be delayed or enjoined in light of pending litigation challenging the Rule
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