Results for: noncompete clauses

The US Chamber of Commerce and other business groups have filed a lawsuit against the Federal Trade Commission (FTC) in an attempt to block a newly issued ban on noncompete clauses. The lawsuit argues that the FTC overstepped its authority and that Congress should decide whether noncompete clauses should be banned nationwide.

The FTC has defended its authority to ban noncompete clauses, citing sections 5 and 6(g) of the FTC Act. The FTC also maintains that noncompete clauses harm workers by suppressing wages, stifling innovation, and reducing competition.

The lawsuit comes one day after the FTC issued its rule banning noncompete clauses. The rule is scheduled to take effect in about four months, and it would render the vast majority of existing noncompetes unenforceable.

In a landmark decision, the Federal Trade Commission (FTC) has voted to ban noncompete clauses nationwide, protecting the rights of workers and fostering economic growth. The ban, which will take effect within 120 days of its publication in the Federal Register, prohibits employers from requiring workers to sign noncompete agreements and blocks the enforcement of most existing clauses.

The Federal Trade Commission (FTC) is poised to issue a final ruling on the legality of noncompete agreements. The proposed rule seeks to ban most employers from using such clauses, which the FTC argues harm workers and stifle economic growth. The vote comes after months of public feedback and legal scrutiny, with businesses opposing the ban and workers expressing support. The outcome of the vote will have significant implications for the American workforce and businesses alike.