The Federal Trade Commission wants to prohibit non-compete clauses in employment contracts with very few exceptions. It would also terminate existing non-competes 180 days after the new rule goes into effect.

The FTC estimates that workers will benefit to the tune of $250 billion or more.

Expect fevered opposition from business interests, including legal challenges that will no doubt invoke the new "major questions doctrine."

#law #contracts #FTC #regulation
https://lawprofessors.typepad.com/contractsprof_blog/2023/01/ftc-puts-the-kaibosh-on-non-competes.html