US Federal Trade Commission votes to ban noncompete agreements

Jenny Lescohier Editor, Rental Briefing

24 April 2024

The US Federal Trade Commission (FTC) voted 3-2 this week to ban noncompete agreements, measures which prohibit workers from joining competing companies or starting competitive businesses for a prescribed period of time.

The move aims to promote competition and protect freedom of workers to change jobs, as well as increase innovation and foster new business formation, according to the FTC.

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