The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.

The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require their employees, that aren’t senior executives, to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries […] © 2024 TechCrunch. All rights reserved. For personal use only.

Apr 26, 2024 - 05:50
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The FTC’s ban on noncompete clauses could be good for startups. But it also might be struck down.

The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require their employees, that aren’t senior executives, to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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