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What Is a Non-Compete Clause?

By Jeremy Bowman – Updated Nov 13, 2024 at 10:05AM

Key Points

  • Non-compete clauses prevent employees from joining competitors to protect business secrets.
  • FTC proposed banning non-competes, arguing they suppress wages and inhibit innovation.
  • If banned, non-competes may evolve to continue safeguarding critical business information.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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