‘FTC Is Swinging for the Fences’: Sweeping Nature of Proposed Noncompete Ban Rattles Companies | Law.com

The Federal Trade Commission on Thursday proposed a rule banning noncompete clauses in employment contracts, a tool many corporate legal departments embrace to protect trade secrets and avoid losing customers.

FTC Commissioner Lina Khan called noncompetes unfair to workers and said eliminating the restriction would raise wages and encourage competition.

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