The United States District Court for the Northern District of Texas overturned the FTC’s rule banning most, if not all, post-employment non-compete agreements. The rule now applies nationwide, and is likely the FTC will appeal the decision. This article will dive into what this means for small business owners in Texas. What does this mean for employers? Noncompetes are important…
On July 3, 2024, the U.S. District Court for the Northern District of Texas made a crucial decision in Ryan, LLC v. Federal Trade Commission, granting a limited stay and preliminary injunction against the Federal Trade Commission’s (FTC) new Non-Compete Rule. This rule, slated to render nearly all non-compete agreements unenforceable with few exceptions, has stirred substantial controversy among employers…
The Federal Trade Commission’s (FTC) recent ruling to ban noncompete agreements nationwide signifies a significant shift in the regulatory landscape. This transformative development carries profound implications for businesses across the Lone Star State, creating the necessity for a strategic approach to compliance and adaptation. The implications of this ruling and its potential ramifications for employers in Texas will be far-reaching…
A few weeks ago, the Federal Trade Commission held a public forum examining the FTC’s proposed rule to prohibit employers from imposing noncompetes on their workers, providing an opportunity for people to directly share their experiences with noncompetes. According to the FTC, the forum was meant to “supplement the FTC’s request for members of the public to submit written comments on the…
