FTC Ban on Noncompetes – Final Rule and What It Means for Your Company and Your Clients
Foley Partner Ben Dryden will join a panel of attorneys to discuss the FTC’s recent rule on noncompete agreements, hosted by the Practising Law Institute.
On April 23, 2024, the FTC implemented a rule banning noncompetes nationally. This unprecedented rule is broad and vague. As written, the rule will prohibit broadly written confidentiality agreements, nonsolicitation agreements, no-hire agreements, and other restrictive covenants if they are deemed to prevent an employee from competing. This program will provide an understanding of the FTC’s final rule, the timing involved for it to go into effect, the status of legal challenges to the rule, and how to protect your company and your clients in light of it.
Who Should Attend: Any lawyer or human resources personnel that assists companies or individuals in evaluating, enforcing, and defending against noncompetes and other restrictive covenants, anyone involved in the hiring of employees, and anyone else responsible for an organization’s internal hiring policies or lobbying on related issues.
Agenda
- Explore the scope and timing of the rule
- Discuss the impact of the rule on state and federal trade secret law
- Understand the legal challenges to the rule and how they will impact its operation
- Learn how to protect your client’s business interests in the event noncompetes are curtailed for certain groups of workers
