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FTC Announces Rule Banning Noncompetes

This is genuinely wonderful:

“The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market.”

This was already true for California; banning it nationwide is an enormous step for innovation everywhere. Even new noncompetes for executives are banned, although ones that are currently in place can remain.

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