Chane Socarras, PLLC

Are you or your business prepared for the FTC's new non-compete rule, which was set to go into effect and ban non-compete agreements nationwide on September 4, 2024. However, on August 20, 2024, in Ryan LLC v. Federal Trade Commission, the U.S. federal court in the Northern District of Texas set aside the FTC’s non-compete rule and ordered that it cannot be enforced. As a result, the FTC cannot enforce the new non-compete rule against employers nationwide for the time being, but the ruling will likely be appealed to the U.S. Court of Appeals for the 5th Circuit (although there is other litigation pending in other jurisdictions). For the latest news, visit our website and contact our firm for assistance with the evaluation and/or preparation of your non-compete and restrictive covenant agreements.

New FTC Rule to Ban Non-Competes Nationwide - How Does the New Rule Impact You or Your Business? - Chane Socarras, PLLC On April 23,2024, the Federal Trade Commission (‘‘Commission’’ or “FTC”) issued its final rule banning non-compete/non-competition clauses and agreements for all workers in the United States, subject to very limited exceptions. Pursuant to the FTC’s Non- Compete Clause Rule, 16 CFR Par...