FTC Votes to Ban Non-Compete Clauses: What Does this Mean for Employers?

The Federal Trade Commission (FTC) voted 3-2 on April 23 to issue its final noncompete rule.  The Rule becomes effective in 120 days. However, it already has been challenged in federal court in the State of Texas, and more suits are anticipated. There are serious concerns as to whether the FTC has the authority to regulate this area of the law.