FTC ruling on noncompetes
April 25, 2024
by a searcher from National Defense University in Raleigh, NC, USA
Good morning all! Regarding the recent FTC ruling banning noncompete agreements - I am not a lawyer, but it reads to me like the rule does exclude the sellers of a business. Can any lawyer confirm/refute this? I am basing my observation on page 335 of https://www.ftc.gov/system/files/ftc_gov/pdf/noncompete-rule.pdf.
As always, consult your preferred legal representative for actual advice.