The Federal Trade Commission (FTC) enacted a significant change for employers in the US by banning most non-compete agreements. This means employers can no longer restrict most workers, from CEOs to hourly employees, from taking jobs with competitors after leaving the company. The rule aims to promote worker mobility and competition within the job market. Existing non-compete agreements are unenforceable for most workers but can remain in place for senior executives. Employers are prohibited from entering new non-compete contracts, even for senior executives. Employers must inform affected workers that existing non-competes are no longer enforced. 

Non-compliance with the new rule could lead to severe consequences for employers. These include adverse FTC enforcement actions, prohibitive injunctions, and civil penalties per individual offense. Unless a court intervenes, the new rule will take effect 120 days after its publication in the Federal Register, which is expected at the end of August 2024. This FTC ruling is currently being challenged in court, so staying informed about legal developments is crucial for employers.

Webinar Highlights:

• The webinar will briefly discuss what a Non-Compete Agreement is.
• Understanding in detail why the FTC is banning them.
• Learning the unenforceability of existing agreements.
• Going through the senior executive exemptions and other agreements.
• Learn when the new regulation will take effect and what will happen now.
• Understanding what employers should do in response to the new regulation.
• Recognizing: Is there a notice requirement for existing agreements?
• The speaker will discuss common law and non-compete agreements.

Why Should You Attend:

The Federal Trade Commission (FTC) enacted a rule in April 2024 that significantly restricts non-compete agreements between employers and most workers. The FTC's new non-compete rule is a game-changer for employers. Attending this webinar will help attendees understand the rules' requirements and how to stay compliant, potentially saving their businesses from legal trouble. The webinar might offer alternative strategies to protect confidential information and compete effectively, even without non-compete agreements. 

Who Should Attend:

• Employers
• In-House Counsel
• Compliance Officers
• Small Business Owners
• Recruiters & HR Consultants
• Independent Contractors & Freelancers
• Anyone with Existing Non-Compete Agreements