Questions Abound for Boards After FTC’s Noncompete Ban

In an interview with Financial Times Agenda’s Nick Muscavage, Davis Goldman Co-Managing Partner Jason Goldman spoke about the FTC’s new rule banning noncompete agreements. The rule requires notifying millions of workers that non-competes are now unenforceable. While its fate is uncertain due to legal challenges, businesses must oversee efforts to identify impacted workers and ensure proper notifications are ready to issue. Jason advised that businesses should “have a solution prepared by counsel implementing a plan to actually comply but not necessarily executing the plan until maybe 30 or 60 days pass, as we don’t know what will be enjoined or what will shake out in the courts in that period.”