[ACC Note: On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a nationwide permanent injunction barring enforcement of the FTC's Noncompete Rule. The FTC will likely appeal this decision to the U.S. Court of Appeals for the Fifth Circuit.]
On April 23, 2024, the US Federal Trade Commission voted 3-2 to adopt a sweeping final rule banning the use of non-compete agreements nationwide.
This article provides of an overview of the final rule, which marks an abrupt departure from existing law in many jurisdictions and has drawn almost immediate legal challenges.
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