Tag: FTC

July 2, 2024
The Federal Trade Commission (FTC) has issued a final rule barring most existing and future non-compete agreements. Traditionally businesses have tried to use non-compete agreements to prevent the unauthorized disclosure or misuse of proprietary business information (such as trade secrets). In light of these developments, businesses are encouraged to explore alternative ways of protecting their sensitive information, such as strengthening intellectual property rights through patents, trademarks, copyrights, and nondisclosure agreements (aka: NDA’s) as viable substitutes for traditional non-compete agreements
April 30, 2024
On April 23, 2024, the Federal Trade Commission (“FTC”) finalized a rule that bans virtually all non-competition agreements between a business and their “workers” (more about what a “worker” is below). The new rule would prohibit businesses from restricting a worker’s ability to work for competitor following the worker’s separation from the business.