FTC’s Ban on Non-Compete Agreements and Strategic Responses for Energy Companies
June 2024 – On April 23, 2024, the Federal Trade Commission (FTC) finalized its rule banning new non-compete clauses in all employment contracts. For the energy industry – which relies heavily on non-compete agreements – the rule may require immediate attention not only from a compliance standpoint but also to protect proprietary information and to retain talent.
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