FTC’s Final Rule Banning Non-Competes: Key Takeaways

On April 23, the Federal Trade Commission issued its final rule on non-compete agreements, which broadly prohibits any workplace policy or contract that functionally operates as a post-employment non-compete restriction. With limited exceptions, the rule applies retroactively and covers all workers, including independent contractors. Multiple legal challenges have already been filed, including by S&C on behalf of the U.S. Chamber of Commerce and Business Roundtable.

S&C hosted a webinar examining this final rule and pending legal challenges. The webinar was led by S&C Labor & Employment Co-Heads Julie Jordan and Annie Ostrager. 

Read our related memo:

•  FTC Issues Final Rule Banning Most Non-Compete Agreements with Workers | Sullivan & Cromwell LLP (sullcrom.com)