Update: On August 20, 2024, the U.S. District Court for the Northern District of Texas invalidated the FTC’s Non-Compete Rule, citing overreach and arbitrary enforcement. The Rule, which was set to take effect on September 4, 2024, is now blocked nationwide. While this decision provides clarity on the Rule's status, employers should stay informed about potential appeals and ongoing legal developments.

On Thursday, May 2, 2024, our Employment team hosted a webinar that discussed the significant changes brought about by the Federal Trade Commission's final rule banning noncompete clauses—a regulation that represents a pivotal shift in employment law. We covered:

• An overview of the FTC's final rule and its immediate impact on noncompete agreements and required notice provisions
• Specific provisions for senior executives and ongoing restrictions
• Alternatives to noncompetes, such as NDAs and trade secret laws
• Current legal challenges to the FTC’s final rule and potential impact on implementation

The webinar has concluded, but you can still access the critical insights and discussions at your convenience.

Watch the Recording on-Demand.