The Federal Trade Commission (FTC) proposed a new rule that would ban noncompete clauses in nearly all employment contracts and invited public comment on the proposal. The proposed rule would regulate noncompete agreements nationwide, and also includes a requirement that employers must rescind existing noncompete agreements and individually notify current and former workers that noncompetes are “no longer in effect and may not be enforced.”
Partner Ryan Lema spoke with Buffalo Business First on this new proposed rule. Read the full article, “Does Your Company Use Noncompetes? An FTC Proposal Could Change That,” on the Buffalo Business First website.