On April 23, 2024, the FTC adopted its noncompete rule to ban virtually all employee noncompetes. For background, see my posts on the rule here and here.
The rule was scheduled to go into effect on September 4, 2024. But on August 20, 2024, Judge Dana Brown of the U.S. District Court for the Northern District of Texas vacated the rule.
Companies and employees have a reprieve, but they should not let their guard down. In this episode, Ben, Russell and I discuss what happened, what to expect going forward, and what companies should do now to protect their trade secrets, confidential information, customer goodwill, and the integrity of their workforce.
You can join us on Spotify or Apple Podcasts, or go to FairlyCompeting.com, if you’re just looking for the RSS feed.
And, because this show is for you, please email Ben, Russell or me with any topics you’d like to hear us discuss. While we cannot offer legal advice on the show, we can certainly discuss any issues you may be wondering about.