Is The Non-Compete Agreement Dead?

Thoughts Around The FTC Ruling

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It is something that most people in the world of Businesses have signed at one point in their career or another.

The Non-Compete Agreement.

I’ve definitely signed them before.

It is estimated that 30 million employees, from Entry Level all the way to CEOs, are bound by them.

However, we may be seeing the end of these Agreements.

As of Tuesday, the FTC has voted to ban nearly all Non-Compete Agreements which is to take effect later this year.

However, not everyone is happy about this ruling.

Are Non-Compete Agreements Truly Dead?

Or is there more to Consider?

The FTC’s Thoughts

The FTC apparently received 26,000 public comments leading up to the vote about people’s experiences with Non-Compete Agreements.

Chair Lina Khan said, “We heard from employees who, because of Non-Competes were stuck in abusive workplaces… One person noted when an employer merged with an organization whose religious principles conflicted with their own, a Non-Compete kept…