What Does The Non-Compete Ban Mean For Your Business?

There has been a lot of excitement and discussion about the Federal Trade Commission’s (FTC) decision to ban non-compete agreements. This ban was officially published in April 2024 and will begin to take effect 120 days after its publication. While there is a lot of excitement around this decision, it also raises some questions about the effect it will have, especially on small businesses. 

This ban specifically targets non-compete agreements for non-executive employees, and does not extend to other types of non-compete agreements that you might have in place, such as independent contractors, customer non-solicitation, partnerships, etc. 

If you are a business owner make sure you review your policies so that you remain in compliance with these new regulations. Irvine Legal is here to assist you in navigating these new developments and ensuring that your business remains in compliance with this new decision. 

If you have any questions or concerns about the enforceability of your non-compete agreements, you can schedule a call to discuss your contracts and options. 

There are lawsuits pending to challenge this decision, so make sure you stay tuned.