The Federal Trade Commission (FTC) has announced a final rule that bans almost all noncompete clauses nationwide. The new rule, which takes effect on September 4, 2024, will void existing noncompete clauses, except for those with senior executives that were in effect before September 5, 2024. Employers must provide written notice to affected workers if they are subject to noncompete clauses that are no longer enforceable. Additional information about the final rule, employee model notices, and FAQs can be found on the FTC’s Noncompete Rule page. If you have any questions or concerns about noncompete agreements or policies, it’s best to consult an attorney.