FTC’s Attempt to Axe Noncompete Agreements and the Implications for M&A
JOSH YAGUR—On January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would prohibit employers from entering into noncompetes with their employees. A noncompete clause or agreement prevents an employee from working for a rival company or starting a competing business within a specified geographic area for a certain period after the employee’s employment ends. The […]