Implications of FTC's Noncompete Ban for Employers

After the U.S. Federal Trade Commission (FTC) voted 3-2 on April 23, 2024, to publish its final rule and effectively ban most noncompete agreements between U.S. workers and employers, many questions abound as to what the ban entails.
Barring few exceptions, most noncompete agreements signed before and after the effective date will be illegal and unenforceable.
This following video features moderator Rob Hamor with employment law attorney Tony Dalimonte as they discuss:
- What is the FTC Rule and its impact in banning most noncompete agreements?
- What is a noncompete defined as under this new rule?
- Are there any exceptions to this rule?
- Will this be limited to only noncompete clauses?
- How should businesses and employers prepare before the rule officially takes effect?