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Article by Ralph Monico, Esq. and Samuel Evans, Esq. On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to issue a final rule (Rule) banning the use of non-compete agreements in most employment relationships. The Rule will take effect on 120 days from that date of its publication in the Code of Federal Regulations (Effective Date), if it survives legal challenges by U.S. Chamber of Commerce, and others.
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