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The Federal Trade Commission (FTC) has triggered a seismic shift in U.S. labor policy, issuing a final rule that effectively bans new non-compete agreements. Long used to restrict worker mobility, these contracts are now in limbo after immediate legal challenges halted the rule.
This guide breaks down what you need to know to protect your business and turn disruption into advantage.
The FTC's final rule declares that "non-compete clauses represent an unfair method of competition and therefore violate the FTC Act." This sweeping protection extends beyond employees to interns, contractors, volunteers and sole proprietors, aiming to boost worker mobility and innovation. States are following suit — New York, for example, has proposed banning non-competes for lower-wage workers.
The rule carves out an exception for founders and business owners: non-competes are still allowed in selling a business, ownership interest or substantial...
Russian propaganda is spreading false statements that the account of the head of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, Kyrylo Budanov, was allegedly created with...