The FTC has voted/issued a new rule banning non-compete agreements from being included in contracts effectively immediately (and not retroactively). - Kotaku In Action 2

The FTC has voted/issued a new rule banning non-compete agreements from being included in contracts effectively immediately (and not retroactively). (www.ftc.gov)

posted 241 days ago by redman012 241 days ago by redman012 +38 / -0

FTC Announces Rule Banning Noncompetes

Today, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamen

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– FuckGenderPolitics 9 points 241 days ago +9 / -0

Under the FTC’s new rule, existing noncompetes for the vast majority of workers will no longer be enforceable after the rule’s effective date.

It sounds like they are making it retroactive.

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– redman012 [S] 7 points 241 days ago +7 / -0

I can see how, I was just looking at this line of the press release:

Additionally, the Commission has eliminated a provision in the proposed rule that would have required employers to legally modify existing noncompetes by formally rescinding them. That change will help to streamline compliance.

I guess what that means is that they don't have to edit contracts to remove the non-competes, they just have to notify the employee.

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