Federal Trade Commission Proposes Ban on Non-Competes: Now What?

On Thursday, January 5, 2023, the Federal Trade Commission (FTC) proposed a rule that would ban non-compete agreements and preempt all state laws that are inconsistent with the rule. If implemented as proposed, employers will be required to rescind all existing non-competes with current and former employees and independent contractors. Join Godfrey & Kahn attorneys for a discussion on:

• Details of the proposed rule and its impact in the employment and sale of business contexts
• Potential alternatives to the proposed rule
• The FTC rulemaking process and potential legal challenges to the final rule
• The impact to your business if the ban is implemented
• The growing importance of tailored restrictive covenants and trade secret protections

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