Thursday Mar 02, 2023
Looming Federal Ban on Non-Compete Agreements – What You Need to Know
The Federal Trade Commission has issued a proposed rule that will ban most noncompete agreements going forward. Employees who own at least 25% of a firm that is being acquired would be exempt, and virtually all existing non-compete agreements would be rescinded immediately. If the rule goes into effect as proposed, it could significantly impact business decisions related to M&A and firm owners and employees currently working under such agreements.
ACEC's VP of Tax & Workforce Policy, Katharine Mottley, joined the podcast to discuss the proposed FTC rule and what it means for the engineering industry.
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