The FTC Banned Noncompetes—What Does That Mean for Businesses and Employees?
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MAY 2, 2024
The FTC voted 3-2 on April 23, 2024 to ban (for-profit) employers from requiring employees or independent contractors to sign noncompetes and will make all current noncompetes unenforceable once the rule goes into effect later in the year. For freelancers in particular, who now make up over a third of the entire U.S.
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