Employer Considerations While Awaiting The FTC's Impending Ban On Non-Competes

A non-compete regulates an individual's actions after termination of an employee-employer relationship. Sounds a bit possessive right? Depends on who you ask. Employees and the Federal Trades Commission would most likely agree. Yet, most employers defend non-competes and view them as a tool to protect their business interests once an employee leaves. Regardless of which stance you have, non-competes have found themselves up for debate following the FTC's proposed rule which would ban enforcement of existing and future non-competes. Understandably, employers are concerned about the appropriate next steps. This article prepares employers and businesses for what they should consider and address while awaiting the FTC's finalized rule on non-competes.