The U.S. Federal Trade Commission (FTC) today approved a final rule banning most new noncompete clauses in employment contracts—this sweeping change will affect millions of workers.
The rule also makes all existing noncompete agreements except for those covering senior executives unenforceable, and requires employers to provide notice to current and former workers that their noncompete clauses are no longer in effect.
The rule goes into effect 120 days following its publication in the Federal Register. Enforcement could be further delayed by likely legal challenges.
We will keep our clients up to date as to this pressing legal matter. To read more about the final rule, click HERE.
About Us
Oberman Law Firm represents clients in a wide range of practice areas, including private equity, M&A, healthcare, corporate transactions, intellectual property, data privacy and security, regulatory compliance and governance, cross-border transactions, labor and employment, construction law, litigation, private clients’ services, corporate restructuring, and white-collar and governmental disputes.
As a firm, we offer the highest quality legal advice coupled with extraordinary and tailored service to deliver exceptional results to our clients. Our philosophy is to invest deeply in the brightest legal talent and build dynamic teams that operate at the pinnacle of respective practice areas. We believe in empowering our attorneys, encouraging entrepreneurialism, operating ethically and with integrity, and collaborating to bring the very best to every client engagement. These principles have guided us in building extraordinary and successful long-term partnerships with our clients.
