Prepare to notify current and past employees about FTC’s pending noncompete ban

The Federal Trade Commission’s rule banning noncompete agreements is set to take effect Wednesday, Sept. 4. In addition to forbidding employers from enforcing existing noncompete agreements and requiring employees to sign new ones, the rule says employers must notify current and past employees who have signed noncompete agreements about the ban. Plan now to comply with the notification requirement—even though the rule may never go into effect.