Earlier this month, the Federal Trade Commission (FTC) abandoned its attempt to enforce a nationwide ban on noncompete agreements. The federal rule at issue was grounded in Section 5 of the Federal Trade Commission Act which empowers the FTC to prevent businesses from using unfair methods of competition. Proponents believed noncompete clauses to be exploitative…
Tag Archives: FTCNonCompeteBan
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August 21, 2024 – UPDATE: Texas Federal Court Has Blocked FTC’s Prohibition on Non-competes from Taking Effect on September 4th, Nationwide.
August 21, 2024 – UPDATE: Texas Federal Court Has Blocked FTC’s Prohibition on Non-competes from Taking Effect on September 4th, Nationwide. Yesterday, the United States District Court for the Northern District of Texas ruled that the Federal Trade Commission (FTC) exceeded its statutory authority in promulgating the ban on non-competes and that the new rule…