Legal Alert: New Federal Trade Commission Rule on Non-Compete Agreements – 16 CFR Part 910

On April 23, 2024, the Federal Trade Commission (“FTC”) issued its final rule banning nationwide a large majority of non-compete agreements, with a few, limited exceptions (the “Rule”). The Rule not only renders future non-compete agreements unenforceable, but it invalidates existing non-compete agreements for many workers.
 
Set to become effective 120 days after publication in the Federal Register – most likely in late August 2024 – the Rule has the potential to significantly impact employers in the construction industry, who will need to consider other means of protecting their competitive business interests once the Rule is in effect. Read more.