The Federal Trade Commission’s (FTC) final rule on noncompetes will impact all companies within the United States, but particularly employers that rely on restrictive covenants to protect their business interests as well as companies and funds engaged in M&A activities.
The FTC has announced that it will publish, and vote on, the final Non-Compete Clause Rule on Tuesday, April 23. Our webinar will take place on Wednesday, April 24 at 3:00 PM ET – please register to join us.
First published on Jan. 5, 2023, the FTC’s proposed Non-Compete Clause Rule would ban the use of nearly all noncompete agreements by employers within the United States. Most concerning for employers and the business community, the proposed rule did not include any exceptions based on an employee’s compensation level or access to trade secrets, and it included meaningful restrictions on noncompetes in the commonly allowed context of the sale of a business. Now, after receiving nearly 30,000 public comments, the FTC has announced that it will publish, and vote on, its final rule on Tuesday, April 23rd.
In response to this proposed foundational shift in U.S. law and business practice, BakerHostetler has assembled a panel of attorneys from across our practice groups for a webinar focused on the issue. The webinar will discuss all the key questions that business leaders are asking, including:
- Does the rule include a viable sale-of-business exception?
- Is there a low-wage threshold?
- Are the limits retroactive or just prospective?
- Is there still a de facto noncompete ban?
- Will employers be required to notify former employees of any changes to their noncompete agreements?
- Has the rule been impacted by the recent addition of two Republican commissioners?
Register for this webinar today.
Speakers: John Siegal, Daniel Kaufman, Margaret Isa Butler, and Daryl Leon
Pending approval for 1.0 hour of CLE credit in CA, FL, GA, NY, PA, and TX. Other states may be available upon request.